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Achieving Effective Social Protection for All in Latin America and the Caribbean - From Right to Reality (Paperback)
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Achieving Effective Social Protection for All in Latin America and the Caribbean - From Right to Reality (Paperback)
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This study highlights the interaction between social protection
programs and labour markets in the Latin America region. It
presents new evidence on the limited coverage of existing
programmes and emphasizes the challenges caused by high informality
for achieving universal social protection for old age income, for
health, for unemployment risks and for anti poverty safety nets. It
identifies interaction effects between SP programs and the
behavioural responses of workers, firms and social protection
providers, which can further undermine efforts to expand coverage,
summarising evidence from recent work across the region. It argues
for a re-design of financing to eliminate cross subsidies between
members of contributory programmes and subsidies that effectively
tax income from formal employment. Instead, it advocates
well-targeted, tax-funded tapered subsidies to provide incentives
to the savings efforts of low income workers, coupled with an
effective safety net for the extreme poor who have no capacity to
contribute to financing their own social protection arrangements.
It also argues for the consolidation of programmes and
harmonisation of benefits packages across different insurers. The
book develops an overall conceptual framework and presents in-depth
analysis of the main SP sectors of pensions, health, unemployment
insurance and safety net transfers.
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