The Introduction of an eu Unemployment Reinsurance System: Income Protection and Maintenance of Consumption
The paper deals with the suitability of the introduction of unemployment reinsurance in the countries of the European Union (URS EU) in terms of maintaining the level of consumption of the unemployed and promoting economic efficiency. Based on the literature review, the analysis of the us reinsuran...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Primorska
2022-06-01
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| Series: | Managing Global Transitions |
| Subjects: | |
| Online Access: | https://ojs.upr.si/index.php/fm/article/view/75 |
| _version_ | 1818489912642502656 |
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| author | Aleš Trunk Igor Stubelj |
| author_facet | Aleš Trunk Igor Stubelj |
| author_sort | Aleš Trunk |
| collection | DOAJ |
| description |
The paper deals with the suitability of the introduction of unemployment
reinsurance in the countries of the European Union (URS EU) in terms of
maintaining the level of consumption of the unemployed and promoting
economic efficiency. Based on the literature review, the analysis of the us
reinsurance system and the analysis of existing unemployment insurance
in the EU, a model of the reinsurance system for unemployment in the EU
is developed. The model simulation, based on the data of existing EU-20
unemployment insurance systems in the period 2003–2019, is used to determine
the amount of reinsurance payments to countries and the level
of contributions needed, while employing various ways of defining payment
triggers. We have demonstrated that the urs EU would contribute
to better income protection by having a direct impact on the income of the
unemployed and at the same time acting as an automatic stabilizer of the
economy.
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| first_indexed | 2024-12-10T17:10:12Z |
| format | Article |
| id | doaj.art-e702c8d933f64bf0b3f99d7f86a5db6e |
| institution | Directory Open Access Journal |
| issn | 1854-6935 |
| language | English |
| last_indexed | 2024-12-10T17:10:12Z |
| publishDate | 2022-06-01 |
| publisher | University of Primorska |
| record_format | Article |
| series | Managing Global Transitions |
| spelling | doaj.art-e702c8d933f64bf0b3f99d7f86a5db6e2022-12-22T01:40:20ZengUniversity of PrimorskaManaging Global Transitions1854-69352022-06-0120210.26493/1854-6935.20.109-13875The Introduction of an eu Unemployment Reinsurance System: Income Protection and Maintenance of ConsumptionAleš Trunk0Igor Stubelj1International School for Social and Business StudiesUniversity of Primorska The paper deals with the suitability of the introduction of unemployment reinsurance in the countries of the European Union (URS EU) in terms of maintaining the level of consumption of the unemployed and promoting economic efficiency. Based on the literature review, the analysis of the us reinsurance system and the analysis of existing unemployment insurance in the EU, a model of the reinsurance system for unemployment in the EU is developed. The model simulation, based on the data of existing EU-20 unemployment insurance systems in the period 2003–2019, is used to determine the amount of reinsurance payments to countries and the level of contributions needed, while employing various ways of defining payment triggers. We have demonstrated that the urs EU would contribute to better income protection by having a direct impact on the income of the unemployed and at the same time acting as an automatic stabilizer of the economy. https://ojs.upr.si/index.php/fm/article/view/75recessionunemploymentinsurancereinsuranceEuropean Unionmodel simulation |
| spellingShingle | Aleš Trunk Igor Stubelj The Introduction of an eu Unemployment Reinsurance System: Income Protection and Maintenance of Consumption Managing Global Transitions recession unemployment insurance reinsurance European Union model simulation |
| title | The Introduction of an eu Unemployment Reinsurance System: Income Protection and Maintenance of Consumption |
| title_full | The Introduction of an eu Unemployment Reinsurance System: Income Protection and Maintenance of Consumption |
| title_fullStr | The Introduction of an eu Unemployment Reinsurance System: Income Protection and Maintenance of Consumption |
| title_full_unstemmed | The Introduction of an eu Unemployment Reinsurance System: Income Protection and Maintenance of Consumption |
| title_short | The Introduction of an eu Unemployment Reinsurance System: Income Protection and Maintenance of Consumption |
| title_sort | introduction of an eu unemployment reinsurance system income protection and maintenance of consumption |
| topic | recession unemployment insurance reinsurance European Union model simulation |
| url | https://ojs.upr.si/index.php/fm/article/view/75 |
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