A Study on the Determinants of Disaster Management Budget Expenditures in Korean Government

An, Chi-Soon

doi:10.37582/cspp.2017.11.1.3

Cited by 1 publication

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“…The COVID-19 pandemic has led to a large number of confirmed cases, resulting in strict social distancing and self-quarantine rules, and, in turn, triggering an increase in social demands for support primarily due to the fast-growing number of unemployed and people suffering from lost or low incomes. In addition, the severity of social risks in times of crisis is higher than usual, and failure to manage the situation may create prolonged socioeconomic crises (Ahn, 2017). Therefore, higher social demands due to rising unemployment or poverty rates can create an automatic countermovement, known as the 'feedback effect' (Ferragina et al, 2020).…”

Section: Demand Factorsmentioning

confidence: 99%

Who spends more to combat COVID‐19 social risks and why?

2022

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COVID‐19 has gone beyond a public health crisis and poses a serious threat to people's livelihoods. In response to the growing employment and income crisis, most OECD countries have introduced various policies and programs to alleviate rapidly rising social risks and stabilise people's livelihoods. However, these measures vary, with some governments spending only 1% of GDP in 2020, while others spent more than 10%. We conducted a multiple regression analysis to examine factors associated with the level of additional social spending in 31 OECD countries. The results indicate that lower generosity of unemployment benefits was associated with additional social policy spending. However, contrary to the hypothesis, higher additional spending was found among countries with higher levels of government debt. We ended with policy recommendations.

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Section: Demand Factorsmentioning

confidence: 99%