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Q: Is there a role for government in reducing the negativeeffects of dual employment
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Q: What are the benefits provided from the unemployment insurance fund?
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- One unintended consequence of unemploymentinsurance is that it reduces thea. search effort of the unemployed.b. income uncertainty that workers face.c. role of unions in wage setting.d. amount of frictional unemployment.Optimal unemployment insurance: Consider the following two proposals toreform unemployment insurance. Explain the arguments for and against eachreform.(a) Te insurance payment would be increased so that it replaced 100% of aworker’s regular labor income for 26 weeks.(b) Each worker would be paid a lump sum equal to 10 weeks of his or herlabor income at the start of the spell of unemployment. Tere would thenbe no other payments.What do we mean when we say that MRP is based on dependent demand?
- Is there a role for government in reducing the negativeeffects of dual employmentanalyse the impact that the increasing number of social grants may have on the unemployment rate.consider the following two proposals to reform unemployment insurance. Explain the argument for and against each reform. (a) The insurance payment would be increased so that it replaced 100% of a worker's regular labor income for 26 weeks. (b) Each worker would be paid a lump sum equal to 10 weeks of his or her labor income at the start of the spell of unemployment. there would then be no other payments.
- Why do most researchers consider the U.S. social security system a social insurance program rather than a pension system and what are the common criticisms of the current definition of poverty-level income?Why does the EITC exacerbate the marriage penalty for low-income workers? Group of answer choices The EITC exacerbates the marriage penalty by not combining both spouses’ incomes to determine eligibility for the credit. Two fairly low incomes can combine to equal a total family income low enough to place the family in the phase-out portion of the EITC. In that situation, adding a second income to the first puts the second income in the range of a very low marginal tax rate. This effect could result in a labor supply increase for secondary earners in these families. The EITC exacerbates the marriage penalty by combining both spouses’ incomes to determine eligibility for the credit. Two fairly high incomes can combine to equal a total family income high enough to place the family in the phase-out portion of the EITC. In that situation, adding a second income to the first puts the second income in the range of a very high marginal tax rate. This effect could result in a labor supply…Reducing occupational immobility of labor is the only way of decreasing the level of unemployment. Discuss
- In considering the merits of lengthening the duration of unemployment benefits one should consider? a. the reduction of moral hazard costs b. that the self-insurance potential increases as the time period grows longer. c. the increased value of consumption smoothing for the longer-term unemployed. d. the reduction in cost due to the reduced need for retraining programs for the long-term unemployed.Unemployed adults are the major contributor to the uninsured adult population under age 65. True FalseUnder current law, most Social Security recipients do not pay federal or state income taxes on their Social Security benefits. Suppose the government proposes to tax these benefits at the same rate as other types of income. What is the impact of the proposed tax on the optimal retirement age?