Income transfers and household debt. The advancing collateralization of social policy in the midst of restructuring crises

Bibliographic Details
Main Author: Lavinas, Lena
Publication Date: 2024
Other Authors: Araújo, Eliane, Rubin, Pedro
Format: Article
Language: eng
Source: Revista de Economia Política
Download full: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2455
Summary: The aim of this article is to address how household debt and contemporary creditmarkets seem to be the defining elements in the reshaping of social policy both in developing and developed countries. We start off by recalling how the implementation of incomepolicies as the core of a new social protection paradigm has contributed to promote marketbasedfinance. We take Brazil as a case study to illustrate how this new connection betweenstate guaranteed income policies and credit markets has unfolded resulting in increasinghousehold debt. We show evidence that the connection between household debt and stateprovidedmonetary benefits is effective and significant. JEL Classification: E44; O11; O54.
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spelling Income transfers and household debt. The advancing collateralization of social policy in the midst of restructuring crisesTransferências de renda e dívida das famílias. O avanço da colateralização da política social em meio a crises de reestruturaçãoBenefícios monetárioscolateralizaçãopolítica socialcréditoMonetary benefitscollateralizationsocial policycreditThe aim of this article is to address how household debt and contemporary creditmarkets seem to be the defining elements in the reshaping of social policy both in developing and developed countries. We start off by recalling how the implementation of incomepolicies as the core of a new social protection paradigm has contributed to promote marketbasedfinance. We take Brazil as a case study to illustrate how this new connection betweenstate guaranteed income policies and credit markets has unfolded resulting in increasinghousehold debt. We show evidence that the connection between household debt and stateprovidedmonetary benefits is effective and significant. JEL Classification: E44; O11; O54.O objetivo deste artigo é abordar como o endividamento das famílias e mercadode crédito contemporâneos surgem como os elementos definidores na reconfiguração da políticasocial tanto nos países em desenvolvimento quanto nas economias avançadas. Começamoslembrando que a implementação de políticas de renda como núcleo de um novo paradigmade proteção social tem contribuído para promover expansão dos mercadosfinanceiros. Tomamos o Brasil como um estudo de caso para ilustrar como essa nova conexãoentre as políticas de transferência de renda (contributivas ou não contributivas) e osmercados de crédito se desdobrou resultando no aumento do endividamento das famílias.Mostramos evidências de que a conexão entre dívida e benefícios monetários asseguradospelo Estado é efetiva e significativa. Classificação JEL: E44; O11; O54.Center of Political Economy2024-03-22info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/245510.1590/0101-31572024-3511Brazilian Journal of Political Economy; Vol. 44 No. 2 (2024): Apr-Jun / 2024; 298-318Brazilian Journal of Political Economy; v. 44 n. 2 (2024): Abr-Jun / 2024; 298-3181809-45380101-3157reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_34enghttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2455/2387Copyright (c) 2024 Brazilian Journal of Political Economyinfo:eu-repo/semantics/openAccessLavinas, LenaAraújo, Eliane Rubin, Pedro2024-03-22T19:21:38Zoai:ojs2.centrodeeconomiapolitica.org:article/2455Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2024-03-22T19:21:38Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Income transfers and household debt. The advancing collateralization of social policy in the midst of restructuring crises
Transferências de renda e dívida das famílias. O avanço da colateralização da política social em meio a crises de reestruturação
title Income transfers and household debt. The advancing collateralization of social policy in the midst of restructuring crises
spellingShingle Income transfers and household debt. The advancing collateralization of social policy in the midst of restructuring crises
Lavinas, Lena
Benefícios monetários
colateralização
política social
crédito
Monetary benefits
collateralization
social policy
credit
title_short Income transfers and household debt. The advancing collateralization of social policy in the midst of restructuring crises
title_full Income transfers and household debt. The advancing collateralization of social policy in the midst of restructuring crises
title_fullStr Income transfers and household debt. The advancing collateralization of social policy in the midst of restructuring crises
title_full_unstemmed Income transfers and household debt. The advancing collateralization of social policy in the midst of restructuring crises
title_sort Income transfers and household debt. The advancing collateralization of social policy in the midst of restructuring crises
author Lavinas, Lena
author_facet Lavinas, Lena
Araújo, Eliane
Rubin, Pedro
author_role author
author2 Araújo, Eliane
Rubin, Pedro
author2_role author
author
dc.contributor.author.fl_str_mv Lavinas, Lena
Araújo, Eliane
Rubin, Pedro
dc.subject.por.fl_str_mv Benefícios monetários
colateralização
política social
crédito
Monetary benefits
collateralization
social policy
credit
topic Benefícios monetários
colateralização
política social
crédito
Monetary benefits
collateralization
social policy
credit
description The aim of this article is to address how household debt and contemporary creditmarkets seem to be the defining elements in the reshaping of social policy both in developing and developed countries. We start off by recalling how the implementation of incomepolicies as the core of a new social protection paradigm has contributed to promote marketbasedfinance. We take Brazil as a case study to illustrate how this new connection betweenstate guaranteed income policies and credit markets has unfolded resulting in increasinghousehold debt. We show evidence that the connection between household debt and stateprovidedmonetary benefits is effective and significant. JEL Classification: E44; O11; O54.
publishDate 2024
dc.date.none.fl_str_mv 2024-03-22
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2455
10.1590/0101-31572024-3511
url https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2455
identifier_str_mv 10.1590/0101-31572024-3511
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2455/2387
dc.rights.driver.fl_str_mv Copyright (c) 2024 Brazilian Journal of Political Economy
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2024 Brazilian Journal of Political Economy
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Center of Political Economy
publisher.none.fl_str_mv Center of Political Economy
dc.source.none.fl_str_mv Brazilian Journal of Political Economy; Vol. 44 No. 2 (2024): Apr-Jun / 2024; 298-318
Brazilian Journal of Political Economy; v. 44 n. 2 (2024): Abr-Jun / 2024; 298-318
1809-4538
0101-3157
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
_version_ 1832113356922683392

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