Risk prevention
URL: https://wesr-staging.azurewebsites.net/glossary/ajax/ajax.searchalloccurance.php?q=1018
Strategies that are implemented before a risk event occurs. Reducing the probability of an adverse risk increases people’s expected income and reduces income variance, and both of these effects increase welfare. There are many possible strategies for preventing or reducing the occurrence of risks, many of which fall outside of social protection, such as sound macroeconomic policies, environmental policies, and investments in education. Preventive social protection interventions typically form part of measures designed to reduce risks in the labor market, notably the risk of unemployment, under-employment, or low wages due to inappropriate skills or malfunctioning labor markets.
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| Field | Value |
|---|---|
| Data last updated | November 9, 2022 |
| Metadata last updated | January 26, 2023 |
| Created | unknown |
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| License | No License Provided |
| Created | 4 years ago |
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| Id | 51e1e8ec-dee6-41b1-98d9-a1b488a2fce1 |
| Package id | d481a0bf-fbd0-4253-a685-63b2afff3826 |
| Position | 49 |
| Resource type | web |
| State | active |
| Version | 1 |