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From unemployment benefits to unemployment accounts

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dc.creator Orszag, Jonathan Michael
dc.creator Snower, Dennis J.
dc.date 2002
dc.date.accessioned 2013-10-16T06:31:11Z
dc.date.available 2013-10-16T06:31:11Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/2801
dc.identifier ppn:352717653
dc.identifier ppn:352717653
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/2801
dc.description We explore the implications of replacing current unemployment benefit (UB) systems by unemployment accounts (UA). Under the UA system, employed people would be required to make ongoing contributions to their unemployment accounts, and the balances in these accounts would then be available to them during periods of unemployment. The government would be able to undertake balanced-budget redistributions among the UAs, taxing the contributions of the rich and subsidizing those of the poor. When people retire, they could use their remaining UA balances to top up their pensions. Under the unemployment benefit system, people are in effect rewarded for being unemployed (through the unemployment benefits) and penalized for being employed (through the taxes that finance the unemployment benefits). The UA system alleviates these externality problems. For when an unemployed person makes withdrawals from his UA, he is thereby diminishing the amount of funds that are available to him later on.
dc.language eng
dc.publisher Forschungsinstitut zur Zukunft der Arbeit Bonn
dc.relation IZA Discussion paper series 532
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J65
dc.subject J23
dc.subject J68
dc.subject J32
dc.subject J38
dc.subject J64
dc.subject ddc:330
dc.subject unemployment benefits
dc.subject unemployment accounts
dc.subject redistribution
dc.subject employment
dc.subject unemployment
dc.subject pensions
dc.subject Arbeitslosenversicherung
dc.subject Reform
dc.subject Vermögensbildung
dc.subject Arbeitsangebot
dc.subject Ökonomischer Anreiz
dc.subject Theorie
dc.title From unemployment benefits to unemployment accounts
dc.type doc-type:workingPaper


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