Latin American market-oriented reforms along the lines of the Washington Consensus need to be supplemented by a number of social policies to achieve a more equitable society. While there has been considerable progress in enhancing the efficiency, much less has been made with regard to improving...

This paper makes two contributions to the literature. First, by employing a macro-level institutional dataset on benefit levels for social assistance (SA) and minimum income protection (MIP) in 22 European countries in the period 1990–2013, I show that the adequacy of income support for...