Why Unemployment Insurance Might Not Only Be Good for the Soul, It Might Also Be Good for the Economy
Bibliographic Data
| ID | 9257072 |
|---|---|
| Authors | Morris Altman (0000-0002-6779-6547, University of Saskatchewan, corresponding author) |
| Year | 2004 |
| Volume | 62 |
| Issue | 4 |
| Pages | 517-541 |
| Publication date | 2004-12-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Review of Social Economy (JOURNAL) |
| Journal identifiers | ISSN: 0034-6764 • E-ISSN: 1470-1162 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/0034676042000296245 |
| OpenAlex | W2161749080 |
| Language | EN |
| Citations received | 1 |
| References cited | 4 |
Contrary to the conventional view that unemployment insurance serves to directly increase the rate of unemployment as well as reducing an economy's competitiveness by increasing the market wage of labor, the argument presented in this paper is that this worldview critically depends on unrealistic behavioral assumptions. A more realistic modeling suggests that unemployment rates need not rise and competitiveness need not deteriorate with the introduction of or improvements in unemployment insurance, which can also induce increases in economic efficiency. These analytical predictions are consistent with the empirics of unemployment insurance. Unemployment insurance can therefore protect the unemployed without damaging the economy
Argument (complex analysis) · Economics · Full employment · Labour economics · Macroeconomics · Unemployment · Wage · Economic theories and models · Employment and Welfare Studies · Labor market dynamics and wage inequality
| Citations per year | 0.07 |
|---|---|
| Citation span | 2012 - 2012 (1) |
| Highly cited | No |