CORRECT: OECD data suggests social spending and productivity may be related

Sun, 03 Feb 2019

(Corrects figures in 13th paragraph) By Jenny Ruth Feb. 4 (BusinessDesk) - As the government prepares to deliver what it calls its first “well-being” budget in May, a former Reserve Bank official more likely to criticise such “feel good” efforts has found statistical support for the notion that social spending can boost productivity. Michael Reddell cites OECD figures in his latest Croaking Cassandra blog which show highly productive countries tend to spend more on things such as health, unemployment and disability benefits, active la...

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