- Title
- What Is Missing from National Economic Recovery Plans? COVID-19 and the Informal Economy
- Creator
- Mhlana, Siviwe, Moussié, Rachel, Roever, Sally, Rogan, Michael
- Subject
- To be catalogued
- Date
- 2024
- Type
- text
- Type
- book
- Identifier
- http://hdl.handle.net/10962/478139
- Identifier
- vital:78158
- Identifier
- ISBN 9780198887041
- Identifier
- 10.1093/oso/9780198887041.001.0001
- Description
- At the outset of the COVID-19 pandemic in the first half of 2020, there was nearuniversal acknowledgement that employment losses, globally, would be borne disproportionately by vulnerable workers, in general, and informal workers, in particular (ILO 2020a). Of the world’s 2.2 billion informal workers, it was estimated that 1.6 billion would be among the most severely affected by job losses and reduced working hours (ILO 2020b). The result of this impact has been the reversal of decades of progress in human development. For example, the number of people living in extreme poverty in emerging markets and developing economies was expected to increase by 100 million by the end of 2021 (World Bank 2021a). Similarly, the gendered burden of job losses has threatened progress towards gender equality, as evidenced by the highly uneven recovery of employment between women and men throughout 2021 (ILO 2021a). Country-level data on job losses provides support for the International Labour Organization’s (ILO) initial projections about the vulnerability of informal workers to the global ‘pandemic recession’. Most informal workers in the world are located in low-and middle-income countries and are in self-employment. Data from ILOSTAT shows that working hours in lower-income countries in 2021 were about 7 per cent below their pre-COVID (2019) levels, while the corresponding decrease was only about 4 per cent in high-income countries (ILO 2021c). Data from Peru in 2020 suggests that the difference in the decrease in labour income between employees and the self employed (who are largely in the informal sector) was 21 percentage points (ILO 2021b; see also Chen and Vanek, Chapter 2 in thisvolume).
- Format
- 353 pages, pdf
- Publisher
- Oxford University Press
- Language
- English
- Relation
- Mhlana, S., Moussié, R., Roever, S. and Rogan, M., 2024. What Is Missing from National Economic Recovery Plans?. COVID-19 and the Informal Economy, p.207. Oxford University Press
- Rights
- Publisher
- Rights
- Use of this resource is governed by the terms and conditions of the Oxford University Press Statement (https://www.oxford.co.za/)
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