Enhancing Resilience of Low Income Workers in Brazil : Financial Instruments and Innovations
While the Brazilian social protection system provides instruments to reduce the risk of destitution from old age and disability with broad coverage, protection against labor income shocks in Brazil remains segmented and largely depends on labor sta...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/809271635494375909/Enhancing-Resilience-of-Low-Income-Workers-in-Brazil-Financial-Instruments-and-Innovations http://hdl.handle.net/10986/36463 |
| Summary: | While the Brazilian social protection
system provides instruments to reduce the risk of
destitution from old age and disability with broad coverage,
protection against labor income shocks in Brazil remains
segmented and largely depends on labor status and household
composition. In 2019, nearly one-third of households in
Brazil lived below the Cadastro Único poverty line but many
of them were above the eligibility threshold of Bolsa
Família (BF). This note seeks to inform the design of a
financial product and complementary actions that the
government of Brazil could adopt to strengthen resilience of
families in BF and Cadastro Único, particularly those
working in the informal economy. |
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