The Costs of Staying Healthy : COVID-19 in LAC
COVID-19 closures in Latin American and the Caribbean countries helped to curb the spread of the virus, but inevitably brought negative consequences for households, principally in the form of job losses, income reduction, and, in some cases, food i...
| Main Authors: | , , , , |
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| Format: | Policy Note |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/191941621236303434/Lives-or-Livelihoods-The-Costs-of-Staying-Healthy-COVID-19-in-LAC http://hdl.handle.net/10986/35623 |
| Summary: | COVID-19 closures in Latin American and
the Caribbean countries helped to curb the spread of the
virus, but inevitably brought negative consequences for
households, principally in the form of job losses, income
reduction, and, in some cases, food insecurity. Future
policy measures should aim to strike the right balance
between saving lives and protecting livelihoods. Where
closures are necessary, they should be adapted to a
country's labor market and other localized conditions
so as to minimize profound welfare losses. Governments
should strive for robust and agile social safety net systems
to be able to respond to the sudden falls in household welfare. |
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