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

Vol. 44 No. 2 (2024)

Apr-Jun / 2024
Published March 22, 2024
PDF-English
PDF-English

How to Cite

Lavinas, Lena, Eliane Araújo, and Pedro Rubin. 2024. “Income Transfers and Household Debt. The Advancing Collateralization of Social Policy in the Midst of Restructuring Crises”. Brazilian Journal of Political Economy 44 (2):298-318. https://doi.org/10.1590/0101-31572024-3511.
ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver

Download Citation

Endnote/Zotero/Mendeley (RIS) BibTeX

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

Lena Lavinas
Full professor at Instituto de Economia da Universidade Federal do Rio de Janeiro (IE-UFRJ), Rio de Janeiro/RJ, Brasil; Associate Research at the Economic Department of SOAS-London University, and Research Productivity Fellow do CNPq.
Eliane Araújo
Associate professor at Universidade Estadual de Maringá and permanent teacher at Programa de Pós- Graduação em Economia da Universidade Federal do Rio Grande do Sul (PPGE/UFRGS) and Research Productivity Fellow do CNPq.
Pedro Rubin
Associate professor at Universidade Estadual de Maringá and permanent teacher at Programa de Pós- Graduação em Economia da Universidade Federal do Rio Grande do Sul (PPGE/UFRGS) and Research Productivity Fellow do CNPq.
Brazilian Journal of Political Economy, Vol. 44 No. 2 (2024), Apr-Jun / 2024, Pages 298-318

Abstract

The aim of this article is to address how household debt and contemporary credit
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 marketbased
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 stateprovided
monetary benefits is effective and significant.

JEL Classification: E44; O11; O54.


Keywords: Monetary benefits collateralization social policy credit

Most read articles by the same author(s)