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  4. Peru’s Social Policy Response to Covid-19: Jeopardizing Old-Age Security
 
Zitierlink DOI
10.26092/elib/929

Peru’s Social Policy Response to Covid-19: Jeopardizing Old-Age Security

Veröffentlichungsdatum
2021-02
Autoren
Olivera, Javier  
Zusammenfassung
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.
Schlagwörter
Peru

; 

Covid-19

; 

social policy
Institution
Universität Bremen  
Fachbereich
Zentrale Wissenschaftliche Einrichtungen und Kooperationen  
Institute
SFB Globale Entwicklungsdynamiken von Sozialpolitik (SFB 1342)  
Forschungszentrum Ungleichheit und Sozialpolitik (SOCIUM)  
Dokumenttyp
Bericht, Report
Serie(s)
Covid-19 Social Policy Response Series  
Band
11
Zweitveröffentlichung
Nein
Lizenz
https://creativecommons.org/licenses/by-nc-nd/3.0/
Sprache
Englisch
Dateien
Lade...
Vorschaubild
Name

Peru.pdf

Size

1.03 MB

Format

Adobe PDF

Checksum

(MD5):161c4f87ee42ef39baabb625d01b3b85

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