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Peru’s Social Policy Response to Covid-19: Jeopardizing Old-Age Security
[Arbeitspapier]
Körperschaftlicher Herausgeber
Universität Bremen, SFB 1342 Globale Entwicklungsdynamiken von Sozialpolitik / CRC 1342 Global Dynamics of Social Policy
Abstract Peru has one of the highest number of deaths proportional to its population and a severely hit economy, even though it was one of the first countries to implement strict social distancing measures and an ambitious plan for fiscal stimulus and economic relief for households. The response of the state... mehr
Peru has one of the highest number of deaths proportional to its population and a severely hit economy, even though it was one of the first countries to implement strict social distancing measures and an ambitious plan for fiscal stimulus and economic relief for households. The response of the state was mostly based on (i) various cash transfers for the most vulnerable; (ii) policies to activate the economy such as a program to guarantee loans to firms; and (iii) allowing withdrawals from individual pension pots. Unfortunately, a combination of low financial inclusion, deficiencies in registers and structural limitations compromised the effectiveness of the social transfers, reaching recipients late or never. Furthermore, depleting pension funds may ease liquidity concerns in the short run, but the negative consequences on securing a pension for the future are immense. Worse, individuals who are not experiencing hardship can also make these withdrawals. Other countries, like Chile, have followed, paving the way for a dangerous trend that can jeopardize old-age security.... weniger
Thesaurusschlagwörter
Peru; Sozialpolitik; Gesundheitspolitik; Epidemie; Public Health; soziale Unterstützung; Rentenpolitik; Sozialhilfe; Sozialleistung; Finanzhilfe; Südamerika
Klassifikation
soziale Sicherung
Familienpolitik, Jugendpolitik, Altenpolitik
Freie Schlagwörter
Pandemic; Covid-19; Corona virus
Sprache Dokument
Englisch
Publikationsjahr
2021
Erscheinungsort
Bremen
Seitenangabe
37 S.
Schriftenreihe
CRC 1342 Covid-19 Social Policy Response Series, 11
ISSN
2702-6744
Status
Veröffentlichungsversion; begutachtet (peer reviewed)
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 3.0