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Role of Unemployment Insurance as an Automatic Stabilizer During a Recession

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Book Rating : 373/5 ( reviews)

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Book Synopsis Role of Unemployment Insurance as an Automatic Stabilizer During a Recession by :

Download or read book Role of Unemployment Insurance as an Automatic Stabilizer During a Recession written by . This book was released on . Available in PDF, EPUB and Kindle. Book excerpt:

The Role of Unemployment Insurance as an Automatic Stabilizer During a Recession

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Author :
Release : 2010
Genre : Recessions
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The Role of Unemployment Insurance as an Automatic Stabilizer During a Recession by : Wayne Vroman

Download or read book The Role of Unemployment Insurance as an Automatic Stabilizer During a Recession written by Wayne Vroman. This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt:

Unemployment Insurance as an Economic Stabilizer

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Release : 1999
Genre : Insurance, Unemployment
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Book Synopsis Unemployment Insurance as an Economic Stabilizer by : Lawrence Chimerine

Download or read book Unemployment Insurance as an Economic Stabilizer written by Lawrence Chimerine. This book was released on 1999. Available in PDF, EPUB and Kindle. Book excerpt:

Unemployment Insurance Reform

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Release : 2018-09-11
Genre : Political Science
Kind : eBook
Book Rating : 528/5 ( reviews)

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Book Synopsis Unemployment Insurance Reform by : David E. Balducchi

Download or read book Unemployment Insurance Reform written by David E. Balducchi. This book was released on 2018-09-11. Available in PDF, EPUB and Kindle. Book excerpt: The Unemployment Insurance (UI) system is a lasting piece of the Social Security Act which was enacted in 1935. But like most things that are over 80 years old, it occasionally needs maintenance to keep it operating smoothly while keeping up with the changing demands placed upon it. However, the UI system has been ignored by policymakers for decades and, say the authors, it is broken, out of date, and badly in need of repair. Stephen A. Wandner pulls together a group of UI researchers, each with decades of experience, who describe the weaknesses in the current system and propose policy reforms that they say would modernize the system and prepare us for the next recession.

Unemployment Insurance in the Wake of the Recent Recession

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Release : 2014-11-29
Genre : Social Science
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Book Rating : 646/5 ( reviews)

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Book Synopsis Unemployment Insurance in the Wake of the Recent Recession by : Congressional Budget Office

Download or read book Unemployment Insurance in the Wake of the Recent Recession written by Congressional Budget Office. This book was released on 2014-11-29. Available in PDF, EPUB and Kindle. Book excerpt: The unemployment insurance (UI) system is a partnership between the federal government and state governments that provides a temporary weekly benefit to qualified workers who lose their job and are seeking work. The amount of that benefit is based in part on a worker's past earnings. The Congressional Budget Office (CBO) estimates that UI benefits totaled $94 billion in fiscal year 2012 (when the unemployment rate was 8.3 percent, on average), a substantial increase over the $33 billion paid out in fiscal year 2007 (when the unemployment rate was 4.5 percent, on average).The periods for which eligible workers can receive UI benefits have been repeatedly extended during the recent recession and its aftermath. Regular UI benefits generally last up to 26 weeks (see Summary Table 1). Additional weeks of benefits have been provided through the creation of the temporary Emergency Unemployment Compensation (EUC) program in 2008 and through modifications to the extended benefits (EB) program. The EUC program currently provides up to 47 weeks of additional benefits (depending on a state's unemployment rate) after regular UI benefits have been exhausted. The EB program provides up to 20 weeks of benefits to certain eligible workers who have exhausted their EUC benefits (temporary changes in law have made it easier for states to qualify to provide extended benefits and have made the funding for the EB program entirely federal). The benefits the three programs provide—at a total cost over the past five years of roughly $520 billion—have allowed households to better maintain their consumption while household members are unemployed. Under current law, the temporary benefits that have been provided in recent years are set to expire at the end of December 2012.

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