Tracking Global Social Protection Responses to Price Shocks: Living Paper v.3

Ugo Gentilini, Mohamed Bubaker Alsafi Almenfi, Hrishikesh Tirumala Madabushi Matam I, Yuko Okamura, Emilio Raul Urteaga, Giorgia Valleriani and Sheraz Aziz

No 176300, Social Protection Discussion Papers and Notes from The World Bank

Abstract: Between July and September 2022, the number of social protection and other related measuresannounced or implemented in response to inflation rose by about 62 percent. The latest tally includes 609 responsesacross 158 economies. Subsidies claim 36 percent of such measures and take four main forms (fuel, food, fertilizers,and various fee subsidies). Social assistance accounts for 24 percent of responses, 76 percent of which is provided inthe form of cash transfers. Social protection programs cover, or are planning to do so, 900.1 million people. Basedon 196 programs with available data in 90 countries or territories, a total of 328.2 billion is being invested insocial protection responses. This involves an average country spending of 0.8 percent of GDP. The average size ofsocial assistance transfers represents about one-fifth of daily median income. Over half (52 percent) of transfers arenew and are provided on a one-off basis as opposed to monthly installments. Tax and trade-related measures accountfor 22 percent and 12 percent of global responses, respectively. Active labor market policies and socialinsurance claim a share of 4 percent each.

Date: 2022-09-22
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