Publication:
The Costs of Staying Healthy: COVID-19 in LAC

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Date
2021-04
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Published
2021-04
Author(s)
Ballon, Paola
Mejia-Mantilla, Carolina
Lara Ibarra, Gabriel
Romero, Javier
Abstract
COVID-19 closures in Latin American and the Caribbean countries helped to curb the spread of the virus, but inevitably brought negative consequences for households, principally in the form of job losses, income reduction, and, in some cases, food insecurity. Future policy measures should aim to strike the right balance between saving lives and protecting livelihoods. Where closures are necessary, they should be adapted to a country's labor market and other localized conditions so as to minimize profound welfare losses. Governments should strive for robust and agile social safety net systems to be able to respond to the sudden falls in household welfare.
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Ballon, Paola; Mejia-Mantilla, Carolina; Olivieri, Sergio; Lara Ibarra, Gabriel; Romero, Javier. 2021. The Costs of Staying Healthy: COVID-19 in LAC. Lives or Livelihoods?;Policy Note No. 1. © World Bank, Washington, DC. http://hdl.handle.net/10986/35623 License: CC BY 3.0 IGO.
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