scholarly journals The Importance of Unemployment Insurance in Underdeveloped Countries

Author(s):  
Faruk Andaç

In the absence of unemployment insurance, unemployment descends over like a nightmare on the personnel in business life and constitutes his/her utmost anxiety. Particularly in underdeveloped countries where population increase is rapid whereas speed of industrialization is back, unemployment introduces with itself a good number of adverse effects as well. On accounts of these reasons there is a substantial need for Unemployment Insurance which is a state-enforced social security in order to meet maintenance and living expenses of the dependant personnel whose active business life has been, due to socio-economic accounts, terminated against their will. Indeed, Unemployment Insurance not only provides fiscal support to the worker but it also guarantees future employment and gains collective bargaining power to the person. By means of an effective job-oriented training and effective operating job-placement system the insurance system also offers a chance of obtaining a new job to the unemployed. In other terms “it provides the power and opportunity to acquire in better conditions a new job with appropriate payment answering to the competency and skill of the unemployed”. Unemployment insurance that is desperately needed to make people live happy under the security of job must be, as it is the case for the rest of other countries as well, established in underdeveloped states as well.

2021 ◽  
Vol 27 (1) ◽  
pp. 29-46
Author(s):  
Maarten Keune

In the context of rising inequality between capital and labour and among wage-earners in Europe, this state-of-the-art article reviews the literature concerning the relationship between collective bargaining and inequality. It focuses on two main questions: (i) what is the relationship between collective bargaining, union bargaining power and inequality between capital and labour? and (ii) what is the relationship between collective bargaining, union bargaining power and wage inequality among wage-earners? Both questions are discussed in general terms and for single- and multi-employer bargaining systems. It is argued that collective bargaining coverage and union density are negatively related to both types of inequality. These relationships are however qualified by four additional factors: who unions represent, the weight of union objectives other than wages, the statutory minimum wage, and extensions of collective agreements by governments.


ILR Review ◽  
1989 ◽  
Vol 42 (4) ◽  
pp. 649-662 ◽  
Author(s):  
Samuel Cohn ◽  
Adrienne Eaton

This study analyzes the determinants of strikes in French coal mining over the period 1890–1935. The results indicate that factors emphasized by traditional bargaining power models were more important determinants of strikes in that setting than was economic variability. This finding supports the hypothesis that neoclassical theories of strikes—Hicksian theories that strikes are a function of the parties' lack of information about the economic environment in which bargaining takes place—are inappropriate in some historical and political contexts. Specifically, the authors argue that the many settings where (as in the case considered) strikes are politically motivated, firms have simple economic structures, and collective bargaining is poorly institutionalized should provide evidence discontinuing neoclassical predictions.


2002 ◽  
Vol 31 (1) ◽  
pp. 21-38 ◽  
Author(s):  
PETER SAUNDERS

Mutual obligation – the idea that those who receive assistance in times of need should be required to ‘give something back’ – is the driving force behind the current social security reform agenda in Australia. After more than a decade of intense reform, the Australian Government is considering a reform blueprint based on the recommendations of a Welfare Reform Reference Group. These include proposals to increase mutual obligation requirements on the unemployed and that sole parents and disability support pensioners should be required to demonstrate some form of social or economic participation in return for receiving income support. Results from a national survey of public opinion are used to explore community views on a range of mutual obligation requirements for the unemployed. The analysis indicates that there is support for mutual obligation for the young and long-term unemployed, but not for others, such as the older unemployed, those caring for young children and those with a disability. Most people also see mutual obligation as implying action on the part of government to reduce unemployment and ease the plight of the unemployed.


Author(s):  
David Etherington

There is another way and alternative to austerity. Despite the defeat of a Corbyn led (anti- austerity) Labour Party, there are conditions and opportunities for challenging neoliberalism and inequalities. Key to this is questioning the austerity narrative relating to the economy and public services. Alternative policies are assessed including for through collective bargaining, enhanced employment rights, a remodelled social security system which offers a adequate safety net and linking welfare to employment policies through job rotation. Democratising welfare and employment policy through local government is seen as central to a more inclusive agenda


Author(s):  
Roseanne Russell

The Q&A series offer the best preparation for tackling exam questions. Each book includes typical questions, bullet-pointed answer plans and suggested answers, author commentary and illustrative diagrams and flowcharts. This chapter presents sample exam questions about collective bargaining. Through a mixture of problem questions and essays, students are guided through some of the key issues on the topic of collective bargaining including inequalities of bargaining power in the employment relationship, status and function of trade unions, time off for trade union members, and rights to information. Students are also introduced to the current key debates in the area and provided with suggestions for additional reading for those who want to take things further.


Risks ◽  
2019 ◽  
Vol 7 (3) ◽  
pp. 94
Author(s):  
Jason S. Anquandah ◽  
Leonid V. Bogachev

Managing unemployment is one of the key issues in social policies. Unemployment insurance schemes are designed to cushion the financial and morale blow of loss of job but also to encourage the unemployed to seek new jobs more proactively due to the continuous reduction of benefit payments. In the present paper, a simple model of unemployment insurance is proposed with a focus on optimality of the individual’s entry to the scheme. The corresponding optimal stopping problem is solved, and its similarity and differences with the perpetual American call option are discussed. Beyond a purely financial point of view, we argue that in the actuarial context the optimal decisions should take into account other possible preferences through a suitable utility function. Some examples in this direction are worked out.


Author(s):  
Magnus Paulsen Hansen

Chapter 4 presents the reform process of the so-called PARE (‘aid plan for the return to employment’) of the French unemployment insurance system in 2000. The instruments of PARE included an individual contract that would oblige the unemployed to engage in ‘personalised’ job seeking activities while getting access to support such as training courses. Further, PARE strengthened requirements to accept job offers from the job exchange service as well as sanctions upon refusals and contractual infringements. The trade unions were divided in their stance towards this, causing intense debate, especially on the use of sanctions. The reform illustrates how the addition of a rather simple instrument radically changed the moral status of the unemployed.


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