[Opinion] The political economy of welfare schemes

Submitted by monitor on Thu, 11/19/2015 - 16:09
Body

blogs.worldbank.org (17.11.2015) Social welfare schemes the world over are going through interesting times. Egged on by fiscal management targets, welfare cuts are routinely passed off as “reforms”. Subsequently, there is usually pressure on governments to target welfare to the most deserving. Determining who the deserving beneficiaries are and the appropriate value of these transfers is critical.