Social Risk Management: A new conceptual framework for social protection and beyond

Authors

  • Robert Holzmann
  • Steen Jorgensen

DOI:

https://doi.org/10.17533/udea.rfnsp.816

Keywords:

Social protection, social risk management

Abstract

This paper proposes a new definition and conceptual framework for social protection grounded in social risk management. The concept repositions the traditional areas of Social Protection (labor market intervention, social insurance and social safety nets) in a framework that includes three strategies to deal with risk (prevention, mitigation and coping), three levels of formality of risk management (informal, market-based, public) and many actors(individuals, house holds, communities, NGOs, governments at various levels and international organizations) against the background of asymmetric information and different types of risk. This expanded view of social protection emphasizes the double role of risk management instruments protecting basic livelihood as well as promoting risk taking. It focuses specifically on the poor since they are the most vulnerable to risk and typically lack appropriate risk management instruments, which constrains them from engaging in riskier but also higher return activities and hence gradually moving out of chronic poverty.
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Author Biographies

Robert Holzmann

Director Departamento de la Protección Social

Steen Jorgensen

Jefe de Sector Departamento de la Protección Social

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Published

2009-02-18

How to Cite

1.
Holzmann R, Jorgensen S. Social Risk Management: A new conceptual framework for social protection and beyond. Rev. Fac. Nac. Salud Pública [Internet]. 2009 Feb. 18 [cited 2025 Jan. 31];21(1). Available from: https://revistas.udea.edu.co/index.php/fnsp/article/view/816

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