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Household Risk Management and Social Protection in Chile

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  • World Bank

Abstract

This volume takes a critical look at the country's social protection "system" - broadly defined to include policy interventions, public institutions, and the regulation of private institutions that lower the welfare costs of adverse shocks to income from job loss and extended unemployment, health episodes, old age, and life-time poverty - to determine if a system exists or simply a set of loosely coordinated programs. The study also assesses whether households are provided with appropriate tools to mitigate risks to their income, identifying gaps in coverage and where instruments are missing. As well, the study provides the Government with a set of guidelines grounded in a conceptual framework that, if carefully applied, could increase the effectiveness of social protection. The author of the study finds that Chile succeeds in providing households with the instruments that they need to mitigate shocks to income. The institutions Chile has put in place to help households lower losses from these shocks - from the new unemployment insurance system, the retirement security system and the mixed health insurance system - are generally appropriately designed to match the nature of the risks they are intended to cover. Yet, while still in a minority, too many Chilean households - even among the non poor - do not have access to the sophisticated, state of the art social protection institutions that are in place.

Suggested Citation

  • World Bank, 2005. "Household Risk Management and Social Protection in Chile," World Bank Publications, The World Bank, number 14839.
  • Handle: RePEc:wbk:wbpubs:14839
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    References listed on IDEAS

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    1. Paul Mosley & Robert Holzmann & Steen Jorgensen, 1999. "Social protection as social risk management: conceptual underpinnings for the social protection sector strategy paper," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(7), pages 1005-1027.
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    11. James, Estelle, 1996. "Protecting the old and promoting growth : a defense of averting the old age crisis," Policy Research Working Paper Series 1570, The World Bank.
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    Cited by:

    1. Lissette Aliaga Linares, 2011. "Socio-Spatial Implications of Street Market Regulation Policy: The Case of Ferias Libres in Santiago de Chile," WIDER Working Paper Series 011, World Institute for Development Economic Research (UNU-WIDER).

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