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

 

Autor institucional : Brazilian Journal of Political Economy, vol. 44, nº 2, pp. 298-318
Autor/Autores: Lena Lavinas, Eliane Araújo, Pedro Rubin
Fecha de publicación: 2024-04-20
Alcance geográfico: Nacional
Publicado en: Brasil
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Resumen: The aim of this article is to address how household debt and contemporary cred-it markets 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 income policies as the core of a new social protection paradigm has contributed to promote market-based finance. We take Brazil as a case study to illustrate how this new connection between state guaranteed income policies and credit markets has unfolded resulting in increasing household debt. We show evidence that the connection between household debt and state-provided monetary benefits is effective and significant.
   

 

 

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