Formal and Informal Social Safety Nets

Formal and Informal Social Safety Nets

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The Great Recession increased public debts across the globe and has thus reinvigorated the debate over social safety nets. Provision of social safety nets is often cited as one of the main reasons for the recent growth in public debt. In Formal and Informal Social Safety Nets, Ashraf analyses the role of social safety nets in a time when our global economy threatens our way of life, as entire cities such as Detroit are declared bankrupt. By dividing safety nets into two major categories, 'informal social safety nets' and 'formal social safety nets, ' in conjunction with empirical evidence based on in-depth statistical analyses of data, Ashraf argues that government-provided, tax-funded formal social safety nets are not only essential for a modern economy, but may even promote innovation and economic growth and development.Other factors such as the buyersa#39; preferences for a hybrid versus a traditional car, gas prices (hybrids versions tend to travel more miles per gallon as compared with their traditional counterparts), and tax ... car is that most states rely on gasoline tax for the maintenance of roads, and the more cars there are which use alternative fuels, ... Paul Seabright (2010, Chapter 2)82 gives the example of the production, sale, and purchase of an ordinary cotton shirt in a town in the United States.

Title:Formal and Informal Social Safety Nets
Author:Mohammad Ashraf
Publisher:Palgrave Macmillan - 2014-06-05


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