Unemployment Insurance: Efficiency Effects and Lessons for Developing Countries
Unemployment insurance (UI) is the most
common public income support program for the unemployed in
developed countries.1 In these countries, it typically
offers good protection: it covers the majority of employed
persons, irrespective of occupation or industry, and
provides adequate smoothening of consumption patterns. For
example, studies on the U.S. find that the welfare of
benefit recipient households is on average only 3-8 percent
lower than the welfare of otherwise identical households,
and that in the absence of unemployment insurance, average
consumption expenditures would fall by about 20 percent. In
the last decade, UI programs have been introduced in
transition countries, and their use in developing countries
is on the rise as well.
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Bibliographic Details
| Main Author: |
Vodopivec, Milan |
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| Format: | Brief
biblioteca
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2004-04
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| Subjects: | BARGAINING,
CONSUMPTION EXPENDITURES,
CONSUMPTION PATTERNS,
DEVELOPED COUNTRIES,
ECONOMIC GROWTH,
ECONOMICS,
ELASTICITY,
EMPIRICAL EVIDENCE,
EMPIRICAL RESEARCH,
EMPIRICAL STUDIES,
EMPLOYMENT,
EQUILIBRIUM,
EQUILIBRIUM UNEMPLOYMENT,
EXHAUSTION,
FINANCIAL MARKETS,
GDP,
GENERAL EQUILIBRIUM,
GENERAL EQUILIBRIUM MODEL,
INCENTIVE EFFECTS,
INCOME,
INCOME EFFECT,
INSURANCE,
JOB CREATION,
LABOR COSTS,
LABOR ECONOMICS,
LABOR FORCE,
LABOR MARKET,
LABOR MARKET POLICIES,
LABOR MARKETS,
LABOR SUPPLY,
LAYOFF,
LAYOFFS,
LEGISLATION,
LEISURE,
LIQUIDITY,
MACROECONOMIC PERFORMANCE,
MACROECONOMIC STABILIZATION,
MORAL HAZARD,
OPPORTUNITY COST,
POSITIVE EFFECTS,
PRODUCTIVITY,
PURCHASING POWER,
SAVINGS,
SCREENING,
SEVERANCE PAY,
THAILAND,
THEORETICAL MODELS,
TRANSITION ECONOMIES,
UNEMPLOYED WORKERS,
UNEMPLOYMENT,
UNEMPLOYMENT RATE,
UNEMPLOYMENT RATES,
VOCATIONAL TRAINING,
WAGES,
WEALTH,
WELFARE GAINS,
WORKING HOURS, |
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| Online Access: | http://documents.worldbank.org/curated/en/2004/04/5173066/efficiency-effects-lessons-developing-countries
http://hdl.handle.net/10986/11809
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