Impact of the global economic crisis on social security systems in Africa

Mpedi, Letlhokwa George

doi:10.4314/jsda.v24i2.54275

Cited by 5 publications

(3 citation statements)

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“…114 In terms of the microinsurance market in South Africa, the population in the country consists of a vast majority of low-income earners as well as people who are exposed to luxuries such as insurance on a daily basis. 115 A large part of the population is not considered "financially literate" and this means that many South Africans do not understand financial products and the consequences of these types of products. 116 This is where microinsurance is to have a significant impact.…”

Section: History Of Microinsurancementioning

confidence: 99%

What Can the Insurance Distribution Directive “Offer” the South African Microinsurance Model?

Huneberg

2020

AIDA Europe Research Series on Insurance Law and Regulation

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The Insurance Distribution Directive is set to change how insurers and intermediaries design as well as sell insurance products. The provisions of the Directive are far-reaching and are to have a significant impact on consumers. The Directive is heavily pro-consumer and due to its pro-consumer nature, it is to have extensive benefits for consumers. South Africa has recently enacted microinsurance provisions which are now considered formalised insurance products in the country. New legislation has been enacted to regulate microinsurance policies in both life and non-life spheres. Microinsurance is to have a profound impact on a large part of the country’s population. Considering the pro-consumer and extensive nature of the IDD, it is worth considering what the IDD can “offer” the South African microinsurance model, what can South Africa learn from these provisions?

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Section: History Of Microinsurancementioning

confidence: 99%

What Can the Insurance Distribution Directive “Offer” the South African Microinsurance Model?

Huneberg

2020

AIDA Europe Research Series on Insurance Law and Regulation

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“…First, in spite of the fact that Mpedi (2009) and Akindola (2010) use different proxies for output -Mpedi adopts GDP, Akindola adopts agricultural outputthey both posit the existence of a linkage between output and poverty. Akindola (2010) and Banjo (2009) underline the connection between (un)employment and poverty, while Mpedi (2009) underlines how inflation affects poverty in the continent.…”

Section: Poverty In Africa As Discussed By African Scholarsmentioning

confidence: 99%

Growth, Employment, Poverty and Inequality in Tanzania

Pelizzo

Kinyondo

2018

SSRN Journal

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This paper shows that in Tanzania, economic growth contributes to job creation and employment opportunities, however, it does very little to curb income inequality. Using official data from various local sources compiled by the National Bureau of Statistics, the paper provides an explanation as to why the creation of wealth and employment opportunities in Tanzania fails to bring the level of poverty to a level roughly comparable to what is found in the region and to reduce inequality between the richer and the poorer segments of society. JEL Classification: O40; O57; I10; I20; I32

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“…Farnsworth & Irving, 2011;Greve, 2011;Schäfer & Streeck, 2012) have attracted varied degrees of attention. Prior studies have analysed a gamut of issues including but not limited to the effect of economic shocks on welfare state (Kwon, 2001;Kwon, 2009), welfare state regime (Kwon & Holliday, 2007;Riesco, 2009;), social security (Mpedi, 2009;Prasad & Gerecke, 2010;Shin, 2000), mental health programmes (Hodgkin & Karpman, 2010), and labour policy and market (Clegg, 2010;Shaefer, 2010).…”

Section: Literature Reviewmentioning

confidence: 99%

Banking crises and social policy: the case of Latin America and the Caribbean

Gautam

2015

J. int. comp. soc. policy

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This paper examines the social policy consequences of systemic banking crises or financial crises in 13 Latin American and Caribbean countries between 1990 and 2010. It takes a rationalist approach to political economy to analyse the effect of these crises on aggregate social policy spending and on four distinct social welfare policy programmes – education, health, housing, and social security – benefits of which vary across social groups. The results indicate that banking crises have a statistically strong negative effect on aggregate social expenditure, but the impact is not uniform across the four programmes. While social security spending increases during the course of crises, health and education expenditures decrease in the same period. The results reinforce the view that distributional conflicts overshadow governments’ response and the burden of crises is unevenly shared in a heterogeneous society. These findings are robust to alternative specifications.

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Impact of the global economic crisis on social security systems in Africa

Cited by 5 publications

References 0 publications

What Can the Insurance Distribution Directive “Offer” the South African Microinsurance Model?

What Can the Insurance Distribution Directive “Offer” the South African Microinsurance Model?

Growth, Employment, Poverty and Inequality in Tanzania

Banking crises and social policy: the case of Latin America and the Caribbean

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