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Safety nets are noncontributory transfer programs targeted to the
poor or vulnerable. They play important roles in social policy.
Safety nets redistribute income, thereby immediately reducing
poverty and inequality; they enable households to invest in the
human capital of their children and in the livelihoods of their
earners; they help households manage risk, both ex ante and ex
post; and they allow governments to implement macroeconomic or
sectoral reforms that support efficiency and growth. To be
effective, safety nets must not only be well intended, but also
well designed and well implemented. A good safety net system and
its programs are tailored to country circumstances, adequate in
their coverage and generosity, equitable, cost-effective, incentive
compatible, and sustainable. Good safety nets are also dynamic and
change over time as the economy changes or as management problems
are solved and new standards are set. Drawing on a wealth of
research, policy, and operational documents from both academia and
the World Bank s work in over 100 countries, For Protection and
Promotion provides pragmatic and informed guidance on how to design
and implement safety nets, including useful information on how to
define eligibility and select beneficiaries, set and pay benefits,
and monitor and evaluate programs and systems. The book synthesizes
the literature to date and enriches it with new examples on various
program options cash transfers (conditional and unconditional),
in-kind transfers, price subsidies, fee waivers, and public works.
It concludes with a comprehensive diagnostic for fitting safety net
systems and programs to specific circumstances."
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