| Resumen: |
This book demonstrates the opportunities for ambitious reform to shift towards universal, fiscally sustainable social protection models that insure also informal workers against macroeconomic shocks, like the economic impacts of the COVID-19 pandemic, and individual shocks due to, for example, job loss or sickness. The analysis offers tailored policy options, provides country-specific estimates of the fiscal implications, and explores how to fund the expansion in social protection, presenting in-depth studies for Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. It argues for combining universal access to basic social protection with efficiency savings in public spending and progressive social security contribution rates, to preserve incentives for formalisation and avoid additional fiscal spending pressures. |
