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Europe and Central Asia Economic Update, Fall 2022: Social Protection for Recovery

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-10-03T19:50:26Z
dc.date.available2022-10-03T19:50:26Z
dc.date.issued2022-10-04
dc.description.abstractGlobalization, demographic trends, the green transition, and technological innovations are transforming labor markets in Europe and Central Asia, altering their institutional and contractual arrangements, and creating disparities and vulnerabilities in the labor force. Systemic risks—economic, health, or climate-related—are also playing an increased role in driving poverty and vulnerability. Social protection systems in Europe and Central Asia will need to be reformed to address these challenges and provide adequate protection to workers and families. Countries in the region responded to the COVID-19 pandemic by implementing social protection packages with a substantial contribution of job protection policies. Analysis of the impact of these policies suggests that while job protection policies may have preserved employment in the short run, this may have come at the expense of efficiency and growth. In the long run, income protection policies may be better at addressing the needs of vulnerable groups as labor markets continue evolving. A policy package that combines a guaranteed minimum income with labor market policies that facilitate job transitions can best help countries address long-term challenges.en
dc.identifier.doi10.1596/978-1-4648-1928-5
dc.identifier.isbn978-1-4648-1928-5
dc.identifier.urihttps://hdl.handle.net/10986/38098
dc.language.isoen_US
dc.publisherWashington, DC : World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSOCIAL PROTECTION
dc.subjectJOBS
dc.subjectPRODUCTIVITY
dc.subjectECONOMIC FORECASTS
dc.subjectECONOMIC IMPACT
dc.subjectWAR CONFLICT
dc.subjectINEQUALITY
dc.subjectPOLICY RECOMMENDATIONS
dc.subjectEUROPE AND CENTRAL ASIA (ECA)
dc.titleEurope and Central Asia Economic Update, Fall 2022en
dc.title.subtitleSocial Protection for Recoveryen
dc.typeSerialen
dc.typeSérielfr
dc.typeSeriales
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/38101
okr.crossref.titleEurope and Central Asia Economic Update, Fall 2022: Social Protection for Recovery
okr.date.disclosure2022-10-04
okr.date.doiregistration2025-05-09T11:24:19.191998Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.identifier.doi10.1596/978-1-4648-1928-5
okr.language.supporteden
okr.region.geographicalEurope and Central Asia
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicSocial Protections and Labor::Social Protections & Assistance
okr.topicPoverty Reduction::Achieving Shared Growth
okr.unitOffice of the Chief Economist, Europe and Central Asia Region
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