Enhancing Resilience of Low Income Workers in Brazil
While the Brazilian social protection system provides instruments to reduce the risk of destitution from old age and disability with broad coverage, protection against labor income shocks in Brazil remains segmented and largely depends on labor status and household composition. In 2019, nearly one-third of households in Brazil lived below the Cadastro Único poverty line but many of them were above the eligibility threshold of Bolsa Família (BF). This note seeks to inform the design of a financial product and complementary actions that the government of Brazil could adopt to strengthen resilience of families in BF and Cadastro Único, particularly those working in the informal economy.
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| Format: | Report biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021-04
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| Subjects: | SOCIAL ASSISTANCE, VULNERABILITY, LOW-INCOME HOUSEHOLD, ACCESS TO FINANCE, FINANCIAL INCLUSION, |
| Online Access: | http://documents.worldbank.org/curated/undefined/809271635494375909/Enhancing-Resilience-of-Low-Income-Workers-in-Brazil-Financial-Instruments-and-Innovations https://hdl.handle.net/10986/36463 |
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| Summary: | While the Brazilian social protection
system provides instruments to reduce the risk of
destitution from old age and disability with broad coverage,
protection against labor income shocks in Brazil remains
segmented and largely depends on labor status and household
composition. In 2019, nearly one-third of households in
Brazil lived below the Cadastro Único poverty line but many
of them were above the eligibility threshold of Bolsa
Família (BF). This note seeks to inform the design of a
financial product and complementary actions that the
government of Brazil could adopt to strengthen resilience of
families in BF and Cadastro Único, particularly those
working in the informal economy. |
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