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Strengthening Income Stabilization Through Social Protection in Emerging and Developing Economies
Fernanda BrolloGabriel Lara IbarraRicardo Campante Vale
其他書名
The Brazilian Experience
出版International Monetary Fund, 2024-03-08
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / Economics / General
ISBN9798400266980
URLhttp://books.google.com.hk/books?id=LMT6EAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋Social protection programs are crucial for stabilizing household income, especially during crises. Brazil's response to the pandemic, the Auxilio Emergencial (AE) program, demonstrated the value of a resilient social safety net and digital tools. This study assesses AE's effectiveness in income stabilization, poverty reduction, and inequality. Results show that the pre-pandemic social protection system would have only buffered about a quarter of income loss, with unemployment insurance more significant for higher-income households, and social safety net transfers crucial for lower-income households, especially those in informal employment. AE successfully supported lower-income households during the pandemic, but its generosity went beyond the stabilization of income, resulting in large fiscal costs.