Argentina - Crisis and Poverty 2003 : A Poverty Assessment, Volume 2. Background Papers
Argentina has gone through a major crisis in the past year, resulting in severe social dislocations, and a reduction of welfare by its poorest. The collapse of the Convertibility Plan, the freezing of bank deposits and the default on foreign debts,...
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| Format: | Poverty Assessment |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/07/2539816/argentina-crisis-poverty-2003-poverty-assessment-vol-2-2-background-papers http://hdl.handle.net/10986/14701 |
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okr-10986-14701 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
POVERTY ASSESSMENTS ECONOMIC CRISIS FINANCIAL CRISES SOCIOECONOMIC CONDITIONS SOCIAL DRIFT WELFARE WORK PARTICIPATION LABOR MARKET CHARACTERISTICS FISCAL CONSTRAINTS FINANCIAL MANAGEMENT CONVERTIBILITY BANKING CRISES DEFAULT INFLATION & UNEMPLOYMENT CONSUMPTION PATTERNS FLOATING EXCHANGE RATES REVENUE MEASURES SOCIAL ACTION PROGRAMS SAFETY NET POLICIES PUBLIC EDUCATION TEACHER SALARIES MATERNAL & CHILD HEALTH HEALTH INSURANCE FINANCE MONITORING CRITERIA HEALTH INDICATORS POVERTY ALLEVIATION MECHANISMS POLICY REFORM EMPLOYMENT CREATION POLICIES ACCESSIBLE SERVICES INFRASTRUCTURE FINANCING HUMAN CAPITAL FORMATION PRODUCTIVITY GROWTH AVERAGE INCOME BANKING SYSTEM CONSTRUCTION INDUSTRY CONSUMPTION PATTERNS CPI CRIME CRISES DEBT DEMAND SIDE ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC PERFORMANCE EDUCATION FAMILIES FINANCIAL CRISIS HEALTH INSURANCE HEALTH INSURANCE COVERAGE HEALTH INSURERS HEALTH SERVICES HOUSEHOLD INCOME HOUSEHOLD MEMBERS HOUSEHOLD SURVEYS INCOME INCOME DISTRIBUTION INCOME GROUPS INCOME INEQUALITY INCOME LEVELS INCOME QUINTILES INCOMES INEQUALITY MEASURES INSURANCE LABOR FORCE LABOR MARKET MEAN INCOME MEDICINES MIDDLE CLASS MIGRATION NET CHANGE NOMINAL INCOMES OFFICIAL ESTIMATES PER CAPITA INCOME POVERTY LINE POVERTY LINES POVERTY REDUCTION PRIMARY EDUCATION PRIVATE INSURANCE PRIVATE SCHOOLS PUBLIC FINANCES PUBLIC HEALTH PUBLIC SECTOR REGIONAL DIFFERENCES REGIONAL LEVEL SAFETY SAVINGS SCHOOLS SECTOR EMPLOYMENT SELECTION BIAS SERVICE DELIVERY SEX SIGNIFICANT DIFFERENCES SIGNIFICANT EFFECT SOCIAL CONDITIONS SOCIAL PROGRAMS SOCIAL SECURITY UNEMPLOYMENT URBAN AREAS URBAN CENTERS VIOLENCE WALKING WATER SUPPLY WORKERS |
| spellingShingle |
POVERTY ASSESSMENTS ECONOMIC CRISIS FINANCIAL CRISES SOCIOECONOMIC CONDITIONS SOCIAL DRIFT WELFARE WORK PARTICIPATION LABOR MARKET CHARACTERISTICS FISCAL CONSTRAINTS FINANCIAL MANAGEMENT CONVERTIBILITY BANKING CRISES DEFAULT INFLATION & UNEMPLOYMENT CONSUMPTION PATTERNS FLOATING EXCHANGE RATES REVENUE MEASURES SOCIAL ACTION PROGRAMS SAFETY NET POLICIES PUBLIC EDUCATION TEACHER SALARIES MATERNAL & CHILD HEALTH HEALTH INSURANCE FINANCE MONITORING CRITERIA HEALTH INDICATORS POVERTY ALLEVIATION MECHANISMS POLICY REFORM EMPLOYMENT CREATION POLICIES ACCESSIBLE SERVICES INFRASTRUCTURE FINANCING HUMAN CAPITAL FORMATION PRODUCTIVITY GROWTH AVERAGE INCOME BANKING SYSTEM CONSTRUCTION INDUSTRY CONSUMPTION PATTERNS CPI CRIME CRISES DEBT DEMAND SIDE ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC PERFORMANCE EDUCATION FAMILIES FINANCIAL CRISIS HEALTH INSURANCE HEALTH INSURANCE COVERAGE HEALTH INSURERS HEALTH SERVICES HOUSEHOLD INCOME HOUSEHOLD MEMBERS HOUSEHOLD SURVEYS INCOME INCOME DISTRIBUTION INCOME GROUPS INCOME INEQUALITY INCOME LEVELS INCOME QUINTILES INCOMES INEQUALITY MEASURES INSURANCE LABOR FORCE LABOR MARKET MEAN INCOME MEDICINES MIDDLE CLASS MIGRATION NET CHANGE NOMINAL INCOMES OFFICIAL ESTIMATES PER CAPITA INCOME POVERTY LINE POVERTY LINES POVERTY REDUCTION PRIMARY EDUCATION PRIVATE INSURANCE PRIVATE SCHOOLS PUBLIC FINANCES PUBLIC HEALTH PUBLIC SECTOR REGIONAL DIFFERENCES REGIONAL LEVEL SAFETY SAVINGS SCHOOLS SECTOR EMPLOYMENT SELECTION BIAS SERVICE DELIVERY SEX SIGNIFICANT DIFFERENCES SIGNIFICANT EFFECT SOCIAL CONDITIONS SOCIAL PROGRAMS SOCIAL SECURITY UNEMPLOYMENT URBAN AREAS URBAN CENTERS VIOLENCE WALKING WATER SUPPLY WORKERS World Bank Argentina - Crisis and Poverty 2003 : A Poverty Assessment, Volume 2. Background Papers |
| geographic_facet |
Latin America & Caribbean |
| description |
Argentina has gone through a major
crisis in the past year, resulting in severe social
dislocations, and a reduction of welfare by its poorest. The
collapse of the Convertibility Plan, the freezing of bank
deposits and the default on foreign debts, and the resulting
high inflation, falling output and exchange rate
devaluation, carried with it severe consequences for the
poor. The break with the Convertibility Plan also meant that
the adjustment in the labor market, occurred more through
wages, rather than by an increase in unemployment. Inflation
reduced real wages substantially, and, unlike previous
recessions, unemployment arose largely from the formal
sector, with an increase in employment in the informal
sector. Many of the middle class, faced with both declining
wages and freeze on bank assets, moved into poverty for the
first time, carrying characteristics somewhat different than
the traditional poor, including higher levels of education.
Households appear to cope through a variety of strategies,
including the entry into the workforce of those not
previously employed, and reduced consumption of food, and
other products. The Government's response to move to a
floating exchange rate, and the consequent reduction in real
wages, has provided the basis for a potential recovery. The
reduction in real public sector wages, and pension
obligations with inflation, while nominal revenues
increased, has temporarily provided for an improved fiscal
balance. The government, however, still faces serious issues
in fiscal, and financial sector management. And Government
programs still do not provide an adequate safety net for the
unemployed on a permanent basis. Safety net programs are
costly and duplicate other programs. Smaller, inefficient
programs should be combined. Educational services need to be
maintained, particularly with regard to payment of teachers,
as the welfare effects go beyond the immediate income levels
of teachers; in the health sector, gradual implementation of
an infant and maternal health insurance, and the definition
of, and agreement on provincial health goals (with
monitorable health indicators) seem to be two key initial
steps towards more effective protection for the uninsured
poor, including other chronic inefficiencies in the health
sector. Longer term poverty reduction measures include
policy reforms towards higher levels of employment, access
to basic services by the poor by improving infrastructure,
and, improved human capital, and their productivity. |
| format |
Economic & Sector Work :: Poverty Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Argentina - Crisis and Poverty 2003 : A Poverty Assessment, Volume 2. Background Papers |
| title_short |
Argentina - Crisis and Poverty 2003 : A Poverty Assessment, Volume 2. Background Papers |
| title_full |
Argentina - Crisis and Poverty 2003 : A Poverty Assessment, Volume 2. Background Papers |
| title_fullStr |
Argentina - Crisis and Poverty 2003 : A Poverty Assessment, Volume 2. Background Papers |
| title_full_unstemmed |
Argentina - Crisis and Poverty 2003 : A Poverty Assessment, Volume 2. Background Papers |
| title_sort |
argentina - crisis and poverty 2003 : a poverty assessment, volume 2. background papers |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/07/2539816/argentina-crisis-poverty-2003-poverty-assessment-vol-2-2-background-papers http://hdl.handle.net/10986/14701 |
| _version_ |
1764428212395311104 |
| spelling |
okr-10986-147012021-04-23T14:03:17Z Argentina - Crisis and Poverty 2003 : A Poverty Assessment, Volume 2. Background Papers World Bank POVERTY ASSESSMENTS ECONOMIC CRISIS FINANCIAL CRISES SOCIOECONOMIC CONDITIONS SOCIAL DRIFT WELFARE WORK PARTICIPATION LABOR MARKET CHARACTERISTICS FISCAL CONSTRAINTS FINANCIAL MANAGEMENT CONVERTIBILITY BANKING CRISES DEFAULT INFLATION & UNEMPLOYMENT CONSUMPTION PATTERNS FLOATING EXCHANGE RATES REVENUE MEASURES SOCIAL ACTION PROGRAMS SAFETY NET POLICIES PUBLIC EDUCATION TEACHER SALARIES MATERNAL & CHILD HEALTH HEALTH INSURANCE FINANCE MONITORING CRITERIA HEALTH INDICATORS POVERTY ALLEVIATION MECHANISMS POLICY REFORM EMPLOYMENT CREATION POLICIES ACCESSIBLE SERVICES INFRASTRUCTURE FINANCING HUMAN CAPITAL FORMATION PRODUCTIVITY GROWTH AVERAGE INCOME BANKING SYSTEM CONSTRUCTION INDUSTRY CONSUMPTION PATTERNS CPI CRIME CRISES DEBT DEMAND SIDE ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC PERFORMANCE EDUCATION FAMILIES FINANCIAL CRISIS HEALTH INSURANCE HEALTH INSURANCE COVERAGE HEALTH INSURERS HEALTH SERVICES HOUSEHOLD INCOME HOUSEHOLD MEMBERS HOUSEHOLD SURVEYS INCOME INCOME DISTRIBUTION INCOME GROUPS INCOME INEQUALITY INCOME LEVELS INCOME QUINTILES INCOMES INEQUALITY MEASURES INSURANCE LABOR FORCE LABOR MARKET MEAN INCOME MEDICINES MIDDLE CLASS MIGRATION NET CHANGE NOMINAL INCOMES OFFICIAL ESTIMATES PER CAPITA INCOME POVERTY LINE POVERTY LINES POVERTY REDUCTION PRIMARY EDUCATION PRIVATE INSURANCE PRIVATE SCHOOLS PUBLIC FINANCES PUBLIC HEALTH PUBLIC SECTOR REGIONAL DIFFERENCES REGIONAL LEVEL SAFETY SAVINGS SCHOOLS SECTOR EMPLOYMENT SELECTION BIAS SERVICE DELIVERY SEX SIGNIFICANT DIFFERENCES SIGNIFICANT EFFECT SOCIAL CONDITIONS SOCIAL PROGRAMS SOCIAL SECURITY UNEMPLOYMENT URBAN AREAS URBAN CENTERS VIOLENCE WALKING WATER SUPPLY WORKERS Argentina has gone through a major crisis in the past year, resulting in severe social dislocations, and a reduction of welfare by its poorest. The collapse of the Convertibility Plan, the freezing of bank deposits and the default on foreign debts, and the resulting high inflation, falling output and exchange rate devaluation, carried with it severe consequences for the poor. The break with the Convertibility Plan also meant that the adjustment in the labor market, occurred more through wages, rather than by an increase in unemployment. Inflation reduced real wages substantially, and, unlike previous recessions, unemployment arose largely from the formal sector, with an increase in employment in the informal sector. Many of the middle class, faced with both declining wages and freeze on bank assets, moved into poverty for the first time, carrying characteristics somewhat different than the traditional poor, including higher levels of education. Households appear to cope through a variety of strategies, including the entry into the workforce of those not previously employed, and reduced consumption of food, and other products. The Government's response to move to a floating exchange rate, and the consequent reduction in real wages, has provided the basis for a potential recovery. The reduction in real public sector wages, and pension obligations with inflation, while nominal revenues increased, has temporarily provided for an improved fiscal balance. The government, however, still faces serious issues in fiscal, and financial sector management. And Government programs still do not provide an adequate safety net for the unemployed on a permanent basis. Safety net programs are costly and duplicate other programs. Smaller, inefficient programs should be combined. Educational services need to be maintained, particularly with regard to payment of teachers, as the welfare effects go beyond the immediate income levels of teachers; in the health sector, gradual implementation of an infant and maternal health insurance, and the definition of, and agreement on provincial health goals (with monitorable health indicators) seem to be two key initial steps towards more effective protection for the uninsured poor, including other chronic inefficiencies in the health sector. Longer term poverty reduction measures include policy reforms towards higher levels of employment, access to basic services by the poor by improving infrastructure, and, improved human capital, and their productivity. 2013-07-31T20:23:03Z 2013-07-31T20:23:03Z 2003-07-24 http://documents.worldbank.org/curated/en/2003/07/2539816/argentina-crisis-poverty-2003-poverty-assessment-vol-2-2-background-papers http://hdl.handle.net/10986/14701 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Poverty Assessment Economic & Sector Work Latin America & Caribbean |