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Employment has risen by more and unemployment has risen less than expected, given the path of output. Nevertheless … safety net, which needs to promote employment, while protecting the most vulnerable. The reformed welfare system, Universal … Credit, and the employment programme for disadvantaged workers, Work Programme, will generally improve work incentives and …
Persistent link: https://www.econbiz.de/10009767762
Unemployment insurance is a key tool for risk sharing and redistribution and also a prominent automatic stabiliser. It is a volatile spending item by design, which can lead to vulnerabilities. This paper explores various shocks and sources of vulnerability of the unemployment insurance schemes...
Persistent link: https://www.econbiz.de/10010375309