cover image: Is Canada's employment insurance program adequate?

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Is Canada's employment insurance program adequate?

1 May 2009

The federal government could accomplish the double Still, much of the attention has revolved less around the aim of improving the equity of the system and increasing size of the benefits themselves and more on what is widely coverage rates by reducing the regional discrepancy in eli- seen to be EI’s number one-failing – the weak “coverage” gibility criteria and benefit duration. [...] A new gauge should be considered to compelling during periods of expansion, we still believe that which the VER might be linked, such as the seasonally- such a sizeable discrepancy in the prevailing entrance re- adjusted change in employment, the job vacancy rate or quirements could be struck down based on the fairness the rate of employee turnover adjusted for the unemploy- argument. [...] The greatest strike against the current requirement of targeting an annual balance is that Altering the VER criteria it introduces a dangerous amount of pro-cyclicality to the The flattening of the structure is only an intermediate system. [...] The EI Commission is mandated to set a premium rate Canada’s evolving EI system that will cover the anticipated payments under the pro- Over the past decade, the EI program has gone through gram during the following year. [...] The The move to provide the benefit extension passes the number of hours required to qualify is referred to as the test of getting more money into the hands of the unem- Variable Entrance Requirement (VER).
government politics economics economy insurance taxation business employment labour unemployment unemployment insurance unemployment benefits tax government budget labor employment insurance deficit government budget balance employee deficits layoff wage and benefit tax base laid off lay-offs

Authors

Bishop, Grant

Pages
16
Published in
Canada

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