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...

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Main Author:	Vodopivec, Milan
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
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
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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spelling	okr-10986-118092021-04-23T14:02:57Z Unemployment Insurance: Efficiency Effects and Lessons for Developing Countries Vodopivec, Milan 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 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. 2012-08-13T16:05:11Z 2012-08-13T16:05:11Z 2004-04 http://documents.worldbank.org/curated/en/2004/04/5173066/efficiency-effects-lessons-developing-countries http://hdl.handle.net/10986/11809 English World Bank Employment Policy Primer; No. 5 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	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
spellingShingle	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 Vodopivec, Milan Unemployment Insurance: Efficiency Effects and Lessons for Developing Countries
relation	World Bank Employment Policy Primer; No. 5
description	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.
format	Publications & Research :: Brief
author	Vodopivec, Milan
author_facet	Vodopivec, Milan
author_sort	Vodopivec, Milan
title	Unemployment Insurance: Efficiency Effects and Lessons for Developing Countries
title_short	Unemployment Insurance: Efficiency Effects and Lessons for Developing Countries
title_full	Unemployment Insurance: Efficiency Effects and Lessons for Developing Countries
title_fullStr	Unemployment Insurance: Efficiency Effects and Lessons for Developing Countries
title_full_unstemmed	Unemployment Insurance: Efficiency Effects and Lessons for Developing Countries
title_sort	unemployment insurance: efficiency effects and lessons for developing countries
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2004/04/5173066/efficiency-effects-lessons-developing-countries http://hdl.handle.net/10986/11809
_version_	1764418072172560384

Unemployment Insurance: Efficiency Effects and Lessons for Developing Countries

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