A comparative analysis of the effects of unemployment insurance savings accounts on the labour market

Author: Ana Luiza Neves de Holanda Barbosa ,Miguel Nathan Foguel ,Charlotte Bilo
Thematic Area: Social Protection

Abstract:"The main objectives of passive employment policies are to guarantee a certain level of consumption and well-being and to improve the match between employers and workers. In most countries, the unemployment protection system comprises one or more of the following programmes: (i) unemployment insurance: a general fund which makes a certain number of payments calculated on the basis of the (average) previous salary; ii) severance pay: paid by the company after the dismissal of the employee, usually calculated based on the previous salary and the duration of employment in the company; and iii) unemployment individual savings accounts (UISAs): individual mandatory savings accumulated over the period of employment in the company and accessed by the employee after dismissal". (...)

Keywords:Comparative, analysis, effects, unemployment, insurance, savings, accounts, labour, market
Publication Date:
Type/Issue:One Pager/371
ISSN:2318-9118