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In Focus: Social security responding to the financial crisis

The aftermath of global financial and economic crisis continues to affect economies and people in most countries. While the recession seems to have ended, the impact on the labour market looks destined to persist for several more years. Nevertheless, social security systems have responded effectively to the test by softening the impact of the crisis. The challenge for social security now is to continue to cope with the social fall-out.

Social security and the financial crisis

Snapshots are intended to give a brief insight into interesting and topical news items connected with the financial and economic crisis.

Social security as an integrated part of fiscal stimulus packages

ISSA, 02.06.2010 | Snapshot | Social security financing

Without government fiscal stimulus packages and social security programmes acting as an economic stabilizer and social buffer, the current crisis, which threatened to be more severe than that of the Great Depression, could have generated consequences that were far worse than those in the depressi...
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Australia’s successful income-led response to the crisis

ISSA, 14.04.2010 | Snapshot | Social security financing

The Australian economy has performed better than any other advanced economy since the onset of the global financial crisis. The country managed to avoid recession and record moderate growth in 2008-09 when most other developed economies were experiencing negative growth figures, with an increase...
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Reduced social spending: A third stage to the crisis?

ISSA, 04.02.2010 | Snapshot | About social security, Demographic changes, Social security financing

Social security institutions have experienced three phases during the global financial and economic crisis.
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China’s multidimensional social security approach

ISSA, 18.01.2010 | Snapshot | Administration & management, Employment policies, Extending coverage, Family policies, Health, Occupational risks, Old age / Survivors

In China, the global financial and economic crisis has mainly affected the country’s real economy through a dramatic decline in foreign demand for Chinese goods. In response to this, the government implemented a comprehensive package designed to expand domestic demand and to drive economic growth...
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Young women in front of electronic board with job offers

Labour market crisis set to continue for between 2 and 4 years

ISSA, 13.01.2010 | Snapshot | Employment policies

In recent weeks a number of key organizations have confirmed what many have suspected: that the labour market crisis is set to continue for a considerable time. The International Labour Office (ILO) suggests that employment in high GDP per-capita countries will not return to pre-crisis levels bef...
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Observatory

In Focus: Social security responding to the financial crisis

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