Unemployment Compensation throughout the World: A Comparative Analysis

By Wayne Vroman; Vera Brusentsev | Go to book overview

ous shortcomings of the original Korean UI program. The program has been modified to improve its effectiveness but remains relatively modest in scale. Despite the extension of coverage to small firms, easier qualification requirements, and increases in potential duration, the program continues to serve a small share (less than 20 percent) of the unemployed. Concerns about disincentive effects of UI benefit payments continue to be reflected in program statutes and administrative requirements affecting eligibility.

It seems that UC programs are likely to remain small scale not only in Korea but also in other Asian countries. The limited penetration of the PES into the labor market will reinforce this tendency. Finally, the comparatively small share of wage and salary employment within the overall employment total in most Asian countries would also operate to restrict the scale of UC programs. More discussion of UC coverage is given in Chapter 8.

Based on LFS unemployment rates, UC would appear to be quite affordable for most countries in the region. Labor force surveys typically show low to moderate unemployment rates, for example, 10 of 14 countries below 6.0 percent in 2000—2001. Also, recall from Chapter 2, the generally small response of employment to changes in real GDP in Asia. This would suggest that unemployment and UC benefit payments would exhibit less cyclical volatility for a given change in real GDP relative to a similar change in the OECD-20 countries. Interest in adopting and expanding the scope of UC programs may grow, however, if Asian unemployment rates continue to increase as is suggested by the data presented in Tables 6.1 and 6.2.


Notes
1.
Vietnam also conducts an LFS, but the results are not generally available.
2.
One analysis of the Asian financial crisis with individual chapters on each of the five "crisis” countries is the volume edited by Betcherman and Islam (2001).
3.
The Hong Kong income support system for those of working age includes UA benefits for the unemployed, cash support for those with low earnings, and pay- ments to low-income families with single parents.
4.
Maximum potential duration is determined by a table with four age groups and five experience categories. Only 2 of the 14 cells in this table were increased when the table was revised in 2001.
5.
The Korean Labor Institute was charged with designing an Employment Insurance (EI) program in the early 1990s. The EI bill was passed into legislation in late 1993, and benefit payments commenced in July 1996.

-143-

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Unemployment Compensation throughout the World: A Comparative Analysis
Table of contents

Table of contents

  • Unemployment Compensation Throughout the World - A Comparative Analysis *
  • Contents v
  • Figures vii
  • Tables viii
  • 1 - Introduction 1
  • Notes 6
  • Part 1 - A Global Perspective *
  • 2 - Economic Performance and Unemployment 9
  • Notes 42
  • 3 - Unemployment Protection 45
  • Notes 75
  • Part 2 - Regional Aspects of Unemployment Protection *
  • 4 - Unemployment Compensation in the Oecd-20 Countries 81
  • Notes 106
  • 5 - Unemployment Compensation in the Cee-Fsu Countries 109
  • Notes 125
  • 6 - Unemployment Compensation in East and South Asia 127
  • Notes 143
  • 7 - Unemployment Compensation in Latin American and Caribbean Countries 145
  • Notes 165
  • Part 3 - Problem Areas for Unemployment Compensation Programs *
  • 8 - Three Problem Areas for Unemployment Compensation Programs 169
  • Notes 210
  • 9 - Conclusion 213
  • Appendix A - Labor Market Data for 150 Countries 219
  • Appendix B - Output Changes and Employment Changes 227
  • Notes 232
  • Appendix C - Regression Estimates of Uc Benefit Generosity 233
  • Appendix D - Uc Provisions and Uc Costs in Cee-Fsu Countries 235
  • Appendix E - Determinants of Long-Term Unemployment Percentages 245
  • Notes 252
  • References 253
  • The Authors 259
  • Index 261
  • About the Institute 273
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