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Abstract
Between 1850 and 2000, Spanish trade openness experienced major changes. What was the impact on social spending? The econometric results suggest that globalization effect was conditional on fiscal capacity. When fiscal capacity was high (after the 1960s), trade openness had a positive effect on social spending. However, when fiscal capacity was low, trade openness effect was negative. The results are robust to alternative measures of fiscal capacity and consistent with a placebo test. Both the compensation effect and the race-to-the-bottom hypothesis find some empirical support: the final outcome depends on fiscal capacity.

It is often assumed that the fight against inequality played an important role in the rise of the welfare state. However, using social transfers as an indicator of redistribution and three alternative proxies for inequality—the top income shares, the ratio of theGDPper capita to the unskilled wage, and the share of non‐family farms—this article shows that inequality did not favour the development of social policy between 1880 and 1930. On the contrary, social policy developed more easily in countries that were previously more egalitarian, suggesting that unequal societies were in a sort of inequality trap, where inequality itself was an obstacle to redistribution.

Armies have recurrently intervened in politics by leading (or giving support to) coups d'état. Several authors suggest that civilian governments have used military spending to overcome armies' grievances and avoid their insubordination. However, recent quantitative analyses do not reach conclusive results when exploring the impact of total military expenditure on the frequency and the success of coups d'état. We argue that total military spending might not be a good indicator of governments' effort to gain the loyalty of the army, as it may conceal relevant changes in the composition of the military budget. This paper aims to open the military spending 'black box'. While total military spending does not seem to have any relationship with the frequency of coups, payments to officers (along with other coup-proofing strategies) appears to be associated to a lower frequency of coups in 1850-1915 Spain.

Abstract
The Spanish welfare state is strongly biased toward sustaining the elderly's welfare, rather than children's. We study the evolution of that bias since 1958 through National Transfer Accounts (NTA). NTA disentangle how people produce, consume, and save along their life cycle, and how resources move among generations through different mechanisms (families, markets, and governments). We extend the available NTA (2000–2012) to the past and show that Spanish social policies were biased toward the elderly since their early stages. The gradual increase in social expenditure and the aging of Spanish society have turned such bias into a serious challenge for the economy.