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Social Protection and Labor

(See also Global Practices.) One of 14 new World Bank Group Global Practices, Social Protection and Labor delivers operational approaches and evidence-based solutions to help individuals and families manage risk, cope with chronic or transitional poverty, and access better livelihoods.

World Bank Group and Social Protection and Labor

In a world filled with risk and potential, social protection and labor systems help people and families find jobs, improve productivity, cope with shocks, and invest in the health and education of their children as well as in protection for the aging population. Social protection programs, which comprise both social assistance (such as cash transfers, school feeding, targeted food assistance, and subsidies) and social insurance (such as old-age, survivorship, disability pensions, and unemployment insurance), are a powerful tool for reducing poverty and economic vulnerability. They can have a direct, positive impact on poor families by building human capital through better health, more schooling, and greater skills.

Jobs, too, are critical for reducing poverty and promoting prosperity. All countries, regardless of income, face challenges in creating and sustaining adequate job opportunities for their citizens. According to the World Development Report 2013: Jobs, advancing the global jobs agenda will require the right investment in people—the right skills for securing good jobs, the right protections against risks arising from volatile economies, and the right mechanisms for making smooth and safe transitions from one job to another. Reversing youth unemployment and underemployment trends is also crucial to boosting shared prosperity.

 
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