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Erschienen in:
2015 | OriginalPaper | Buchkapitel
Covering the Uncovered: Labor Informality, Pensions and the Emerging Middle Class in Latin America
verfasst von : Christian Daude, Juan R. de Laiglesia, Ángel Melguizo
Erschienen in: Latin America’s Emerging Middle Classes
Verlag: Palgrave Macmillan UK
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Innovative social policy instruments, notably conditional cash transfers, have been effective in reducing poverty in many Latin American countries.1 As a result, many households have recently succeeded in moving out of poverty and joining the ranks of the so-called emerging middle classes. This chapter will demonstrate, however, that many of these middle-class workers are still vulnerable to significant downward mobility if they are hit by negative shocks, such as illness, disability, job loss or a significant decline in income after retirement.