Social Potection for the Harder Road Ahead : Containing the Social Costs of Lower Growth in Latin America and the Caribbean

During a decade of rapid growth, more jobs and higher wages dramatically reduced poverty and drove down historically high levels of inequality. Governments in the region complemented the gains from growth with investments in social protection polic...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	EMPLOYMENT INDIVIDUAL ACCOUNTS RISKS FINANCIAL SERVICES STRUCTURAL ADJUSTMENT POVERTY LINE IMPACT ON POVERTY SOCIAL FUNDS ECONOMIC GROWTH FINANCIAL MANAGEMENT RETIREMENT POVERTY LEVELS INCOME POVERTY INCOME INTEREST POVERTY RATES SAVINGS ACCOUNTS STRATEGIES COST-EFFECTIVENESS SERVICES TAX COLLECTION HEALTH INSURANCE HOUSING FOOD POLICY FISCAL POLICY EXTREME POVERTY LINE ENERGY SUBSIDIES INEQUALITY REDUCTION MEANS TESTS INCOME SUPPORT EMPLOYMENT PROGRAMS SOCIAL PROGRAMS SOCIAL ASSISTANCE CENTRAL BANKS LABOR MARKET POLICIES INFLATION MEASURES SAFETY NETS FISCAL CONSTRAINTS POVERTY REDUCTION PUBLIC POLICY SAVINGS FOOD FOR EDUCATION LEGAL PROVISIONS TRANSPORT POOR FAMILIES INCOME GROWTH PRODUCTIVITY POOR CHILDREN TRANSFERS CRITERIA MARKETS DEFICITS LEGISLATION CHRONIC POVERTY STRUCTURAL ADJUSTMENT POLICIES SOCIAL SECURITY LABOR ENTERPRISES PRICE SUBSIDIES CASH TRANSFERS SUBSIDIES FINANCE INFRASTRUCTURE TAXES BANKS UNIVERSAL SUBSIDIES UNEMPLOYMENT EQUITY POVERTY LINES SOCIAL SAFETY NETS HUMAN CAPITAL SSN LABOR MARKET PROGRAMS WAGES CLIMATE CHANGE CHRONIC MALNUTRITION POVERTY INDEX SOCIAL SERVICES POVERTY MEASUREMENT VALUE PENSIONS BANK CREDIT FOOD PROGRAMS MACROECONOMICS MANAGEMENT INFORMATION SYSTEMS RURAL POVERTY RATES RURAL POVERTY INCOME DISTRIBUTION MALNUTRITION RURAL AFFILIATES INSTITUTIONAL CAPACITY NUTRITION PUBLIC WORKS TRANSFER PROGRAMS TARGETING MECHANISMS SOCIAL POLICIES SCHOOL FEEDING INFLATION RATES INSURANCE TARGETING HUMAN RIGHTS FOOD SUBSIDIES CONSUMPTION SMOOTHING AGRICULTURAL WORKERS EDUCATION PROGRAMS EXTREME POVERTY RISK RURAL AREAS POVERTY POVERTY REDUCTION EFFORTS FEEDING PROGRAMS LANDLESS AGRICULTURAL WORKERS INFLATION LEVELS REVENUE SCHOOL FEEDING PROGRAMS RISK MANAGEMENT CASH TRANSFER PROGRAMS POOR POVERTY IMPACT ENTREPRENEURSHIP PUBLIC SPENDING LABOR MARKETS GOVERNMENTS PAYMENT SYSTEMS CIVIL SERVICE HEALTH SERVICES CONSOLIDATION INEQUALITY POOR HOUSEHOLDS
Online Access:	http://documents.worldbank.org/curated/en/2015/10/25161277/social-protection-harder-road-ahead-containing-social-costs-lower-growthin-latin-america-caribbean http://hdl.handle.net/10986/22977

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spelling	okr-10986-229772021-04-23T14:04:12Z Social Potection for the Harder Road Ahead : Containing the Social Costs of Lower Growth in Latin America and the Caribbean World Bank Group EMPLOYMENT INDIVIDUAL ACCOUNTS RISKS FINANCIAL SERVICES STRUCTURAL ADJUSTMENT POVERTY LINE IMPACT ON POVERTY SOCIAL FUNDS ECONOMIC GROWTH FINANCIAL MANAGEMENT RETIREMENT POVERTY LEVELS INCOME POVERTY INCOME INTEREST POVERTY RATES SAVINGS ACCOUNTS STRATEGIES COST-EFFECTIVENESS SERVICES TAX COLLECTION HEALTH INSURANCE HOUSING FOOD POLICY FISCAL POLICY EXTREME POVERTY LINE ENERGY SUBSIDIES INEQUALITY REDUCTION MEANS TESTS INCOME SUPPORT EMPLOYMENT PROGRAMS SOCIAL PROGRAMS SOCIAL ASSISTANCE CENTRAL BANKS LABOR MARKET POLICIES INFLATION MEASURES SAFETY NETS FISCAL CONSTRAINTS POVERTY REDUCTION PUBLIC POLICY SAVINGS FOOD FOR EDUCATION LEGAL PROVISIONS TRANSPORT POOR FAMILIES INCOME GROWTH PRODUCTIVITY POOR CHILDREN TRANSFERS CRITERIA MARKETS DEFICITS LEGISLATION CHRONIC POVERTY STRUCTURAL ADJUSTMENT POLICIES SOCIAL SECURITY LABOR ENTERPRISES PRICE SUBSIDIES CASH TRANSFERS SUBSIDIES FINANCE INFRASTRUCTURE TAXES BANKS UNIVERSAL SUBSIDIES UNEMPLOYMENT EQUITY POVERTY LINES SOCIAL SAFETY NETS HUMAN CAPITAL SSN LABOR MARKET PROGRAMS WAGES CLIMATE CHANGE CHRONIC MALNUTRITION POVERTY INDEX SOCIAL SERVICES POVERTY MEASUREMENT VALUE PENSIONS BANK CREDIT FOOD PROGRAMS MACROECONOMICS MANAGEMENT INFORMATION SYSTEMS RURAL POVERTY RATES RURAL POVERTY INCOME DISTRIBUTION MALNUTRITION RURAL AFFILIATES INSTITUTIONAL CAPACITY NUTRITION PUBLIC WORKS TRANSFER PROGRAMS TARGETING MECHANISMS SOCIAL POLICIES SCHOOL FEEDING INFLATION RATES INSURANCE TARGETING HUMAN RIGHTS FOOD SUBSIDIES CONSUMPTION SMOOTHING AGRICULTURAL WORKERS EDUCATION PROGRAMS EXTREME POVERTY RISK RURAL AREAS POVERTY POVERTY REDUCTION EFFORTS FEEDING PROGRAMS LANDLESS AGRICULTURAL WORKERS INFLATION LEVELS REVENUE SCHOOL FEEDING PROGRAMS RISK MANAGEMENT CASH TRANSFER PROGRAMS POOR POVERTY IMPACT ENTREPRENEURSHIP PUBLIC SPENDING LABOR MARKETS GOVERNMENTS PAYMENT SYSTEMS CIVIL SERVICE HEALTH SERVICES CONSOLIDATION INEQUALITY POOR HOUSEHOLDS During a decade of rapid growth, more jobs and higher wages dramatically reduced poverty and drove down historically high levels of inequality. Governments in the region complemented the gains from growth with investments in social protection policies, further reducing poverty and inequality. Countries in Latin America and the Caribbean are rightfully proud of these achievements. As the region prepares for a long period of slower growth and tighter budgets, the value of their investment in building social protection systems will grow. Social protection can help protect social gains as labor earnings and employment fall. The evidence accumulated from the region’s experience of which social protection interventions work and which do not, will be an essential resource to guide difficult policy decisions. Countries will move ahead with the long run development of their diverse social protection systems as they are able. But in the shorter run three areas of policy action will rise in priority: (i) protecting poor and vulnerable people through the lean years; (ii) finding fiscal savings in reforms to large and regressive items of social policy; and (iii) fielding labor market initiatives to support workers during a long, slack period and prepare them for economic recovery. 2015-11-17T18:24:43Z 2015-11-17T18:24:43Z 2015 Report http://documents.worldbank.org/curated/en/2015/10/25161277/social-protection-harder-road-ahead-containing-social-costs-lower-growthin-latin-america-caribbean http://hdl.handle.net/10986/22977 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Other Social Protection Study Economic & Sector Work
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	EMPLOYMENT INDIVIDUAL ACCOUNTS RISKS FINANCIAL SERVICES STRUCTURAL ADJUSTMENT POVERTY LINE IMPACT ON POVERTY SOCIAL FUNDS ECONOMIC GROWTH FINANCIAL MANAGEMENT RETIREMENT POVERTY LEVELS INCOME POVERTY INCOME INTEREST POVERTY RATES SAVINGS ACCOUNTS STRATEGIES COST-EFFECTIVENESS SERVICES TAX COLLECTION HEALTH INSURANCE HOUSING FOOD POLICY FISCAL POLICY EXTREME POVERTY LINE ENERGY SUBSIDIES INEQUALITY REDUCTION MEANS TESTS INCOME SUPPORT EMPLOYMENT PROGRAMS SOCIAL PROGRAMS SOCIAL ASSISTANCE CENTRAL BANKS LABOR MARKET POLICIES INFLATION MEASURES SAFETY NETS FISCAL CONSTRAINTS POVERTY REDUCTION PUBLIC POLICY SAVINGS FOOD FOR EDUCATION LEGAL PROVISIONS TRANSPORT POOR FAMILIES INCOME GROWTH PRODUCTIVITY POOR CHILDREN TRANSFERS CRITERIA MARKETS DEFICITS LEGISLATION CHRONIC POVERTY STRUCTURAL ADJUSTMENT POLICIES SOCIAL SECURITY LABOR ENTERPRISES PRICE SUBSIDIES CASH TRANSFERS SUBSIDIES FINANCE INFRASTRUCTURE TAXES BANKS UNIVERSAL SUBSIDIES UNEMPLOYMENT EQUITY POVERTY LINES SOCIAL SAFETY NETS HUMAN CAPITAL SSN LABOR MARKET PROGRAMS WAGES CLIMATE CHANGE CHRONIC MALNUTRITION POVERTY INDEX SOCIAL SERVICES POVERTY MEASUREMENT VALUE PENSIONS BANK CREDIT FOOD PROGRAMS MACROECONOMICS MANAGEMENT INFORMATION SYSTEMS RURAL POVERTY RATES RURAL POVERTY INCOME DISTRIBUTION MALNUTRITION RURAL AFFILIATES INSTITUTIONAL CAPACITY NUTRITION PUBLIC WORKS TRANSFER PROGRAMS TARGETING MECHANISMS SOCIAL POLICIES SCHOOL FEEDING INFLATION RATES INSURANCE TARGETING HUMAN RIGHTS FOOD SUBSIDIES CONSUMPTION SMOOTHING AGRICULTURAL WORKERS EDUCATION PROGRAMS EXTREME POVERTY RISK RURAL AREAS POVERTY POVERTY REDUCTION EFFORTS FEEDING PROGRAMS LANDLESS AGRICULTURAL WORKERS INFLATION LEVELS REVENUE SCHOOL FEEDING PROGRAMS RISK MANAGEMENT CASH TRANSFER PROGRAMS POOR POVERTY IMPACT ENTREPRENEURSHIP PUBLIC SPENDING LABOR MARKETS GOVERNMENTS PAYMENT SYSTEMS CIVIL SERVICE HEALTH SERVICES CONSOLIDATION INEQUALITY POOR HOUSEHOLDS
spellingShingle	EMPLOYMENT INDIVIDUAL ACCOUNTS RISKS FINANCIAL SERVICES STRUCTURAL ADJUSTMENT POVERTY LINE IMPACT ON POVERTY SOCIAL FUNDS ECONOMIC GROWTH FINANCIAL MANAGEMENT RETIREMENT POVERTY LEVELS INCOME POVERTY INCOME INTEREST POVERTY RATES SAVINGS ACCOUNTS STRATEGIES COST-EFFECTIVENESS SERVICES TAX COLLECTION HEALTH INSURANCE HOUSING FOOD POLICY FISCAL POLICY EXTREME POVERTY LINE ENERGY SUBSIDIES INEQUALITY REDUCTION MEANS TESTS INCOME SUPPORT EMPLOYMENT PROGRAMS SOCIAL PROGRAMS SOCIAL ASSISTANCE CENTRAL BANKS LABOR MARKET POLICIES INFLATION MEASURES SAFETY NETS FISCAL CONSTRAINTS POVERTY REDUCTION PUBLIC POLICY SAVINGS FOOD FOR EDUCATION LEGAL PROVISIONS TRANSPORT POOR FAMILIES INCOME GROWTH PRODUCTIVITY POOR CHILDREN TRANSFERS CRITERIA MARKETS DEFICITS LEGISLATION CHRONIC POVERTY STRUCTURAL ADJUSTMENT POLICIES SOCIAL SECURITY LABOR ENTERPRISES PRICE SUBSIDIES CASH TRANSFERS SUBSIDIES FINANCE INFRASTRUCTURE TAXES BANKS UNIVERSAL SUBSIDIES UNEMPLOYMENT EQUITY POVERTY LINES SOCIAL SAFETY NETS HUMAN CAPITAL SSN LABOR MARKET PROGRAMS WAGES CLIMATE CHANGE CHRONIC MALNUTRITION POVERTY INDEX SOCIAL SERVICES POVERTY MEASUREMENT VALUE PENSIONS BANK CREDIT FOOD PROGRAMS MACROECONOMICS MANAGEMENT INFORMATION SYSTEMS RURAL POVERTY RATES RURAL POVERTY INCOME DISTRIBUTION MALNUTRITION RURAL AFFILIATES INSTITUTIONAL CAPACITY NUTRITION PUBLIC WORKS TRANSFER PROGRAMS TARGETING MECHANISMS SOCIAL POLICIES SCHOOL FEEDING INFLATION RATES INSURANCE TARGETING HUMAN RIGHTS FOOD SUBSIDIES CONSUMPTION SMOOTHING AGRICULTURAL WORKERS EDUCATION PROGRAMS EXTREME POVERTY RISK RURAL AREAS POVERTY POVERTY REDUCTION EFFORTS FEEDING PROGRAMS LANDLESS AGRICULTURAL WORKERS INFLATION LEVELS REVENUE SCHOOL FEEDING PROGRAMS RISK MANAGEMENT CASH TRANSFER PROGRAMS POOR POVERTY IMPACT ENTREPRENEURSHIP PUBLIC SPENDING LABOR MARKETS GOVERNMENTS PAYMENT SYSTEMS CIVIL SERVICE HEALTH SERVICES CONSOLIDATION INEQUALITY POOR HOUSEHOLDS World Bank Group Social Potection for the Harder Road Ahead : Containing the Social Costs of Lower Growth in Latin America and the Caribbean
description	During a decade of rapid growth, more jobs and higher wages dramatically reduced poverty and drove down historically high levels of inequality. Governments in the region complemented the gains from growth with investments in social protection policies, further reducing poverty and inequality. Countries in Latin America and the Caribbean are rightfully proud of these achievements. As the region prepares for a long period of slower growth and tighter budgets, the value of their investment in building social protection systems will grow. Social protection can help protect social gains as labor earnings and employment fall. The evidence accumulated from the region’s experience of which social protection interventions work and which do not, will be an essential resource to guide difficult policy decisions. Countries will move ahead with the long run development of their diverse social protection systems as they are able. But in the shorter run three areas of policy action will rise in priority: (i) protecting poor and vulnerable people through the lean years; (ii) finding fiscal savings in reforms to large and regressive items of social policy; and (iii) fielding labor market initiatives to support workers during a long, slack period and prepare them for economic recovery.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Social Potection for the Harder Road Ahead : Containing the Social Costs of Lower Growth in Latin America and the Caribbean
title_short	Social Potection for the Harder Road Ahead : Containing the Social Costs of Lower Growth in Latin America and the Caribbean
title_full	Social Potection for the Harder Road Ahead : Containing the Social Costs of Lower Growth in Latin America and the Caribbean
title_fullStr	Social Potection for the Harder Road Ahead : Containing the Social Costs of Lower Growth in Latin America and the Caribbean
title_full_unstemmed	Social Potection for the Harder Road Ahead : Containing the Social Costs of Lower Growth in Latin America and the Caribbean
title_sort	social potection for the harder road ahead : containing the social costs of lower growth in latin america and the caribbean
publisher	World Bank, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/10/25161277/social-protection-harder-road-ahead-containing-social-costs-lower-growthin-latin-america-caribbean http://hdl.handle.net/10986/22977
_version_	1764452506512916480

Social Potection for the Harder Road Ahead : Containing the Social Costs of Lower Growth in Latin America and the Caribbean

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