Less Bang for Your Buck? How Social Capital Constrains the Effectiveness of Social Welfare Spending.

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2018
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Abstract
Rising economic insecurity in recent decades has focused attention on the importance of social welfare programs in managing household financial stability. Some governments are more effective than others in managing this outcome, and informal social institutions help explain why. Social capital is expected to shape economic security through multiple mechanisms, but whether the effect is to magnify or mitigate volatility is an open question. Part of the answer has to do with how social capital interacts with policy implementation, and whether it conditions the effectiveness of government spending. Evidence from the U.S. states from 1986 to 2010 fails to support a benevolent social capital thesis-not only is social capital associated with economic insecurity, there is no evidence that it improves social welfare effectiveness. However, greater spending on some social programs can mitigate the adverse impact of social capital on economic security.
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compton2018lessstate Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Compton, Mallory E;
Journal state politics & policy quarterly
Year 2018
DOI
10.1177/1532440018775424
URL
Keywords
political economy public policy social capital economic insecurity social welfare policy

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