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Author: Lori G. Kletzer
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 26
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Book Description
"Despite significant changes in U.S. labor market, the basic structure of the nation's unemployment insurance (UI) program has remained unchanged since it was created in 1935. The current system is in need for reform in order to meet the needs of a twenty-first century workforce. Shortfalls in the current program fall into four categories: (1) overly restrictive eligibility criteria have resulted in low recipience rates; (2) benefit levels are low; (3) the federal tax system used to finance the program is regressive; (4) and the mechanism to automatically extend UI during periods of prolonged economic downsturns is broken. As a result of these and other factors, only about one-third of unemployed workers currently receive assistance under the UI program, and that assistance falls short of the original goal of replacing at least half of previous earnings. In addition, the system provides no assistance either to the self-employed or to those who become reemployed at lower wages. In this paper we propose three broad reforms, each designed to help the UI system better meet the needs of a twenty-first century workforce. First, we propose strengthening the federal role in UI by setting federal standards that would aim to raise average national benefit levels and average national recipiency rates. Expansion in the program would be financed by raising the FUTA taxable wage base over time to 45,000 to for inflation over recent decades. Second, we propose a wage-loss insurance program, as part of the UI program, to provide an earnings supplement for those workers who become reemployed at a wage lower than the wage they earned at their previous job. Finally, we propose allowing self-employed workers, and perhaps others, to contribute up to 0.25 percent of annual income, up to 200 per year, into Personal Unemployment Accounts (PUAs). These contributions would be matched by the federal government and could be withdrawn later to cushion severe income losses or to finance training or job research"--P. 2.
Author: Lori G. Kletzer
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 26
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Book Description
"Despite significant changes in U.S. labor market, the basic structure of the nation's unemployment insurance (UI) program has remained unchanged since it was created in 1935. The current system is in need for reform in order to meet the needs of a twenty-first century workforce. Shortfalls in the current program fall into four categories: (1) overly restrictive eligibility criteria have resulted in low recipience rates; (2) benefit levels are low; (3) the federal tax system used to finance the program is regressive; (4) and the mechanism to automatically extend UI during periods of prolonged economic downsturns is broken. As a result of these and other factors, only about one-third of unemployed workers currently receive assistance under the UI program, and that assistance falls short of the original goal of replacing at least half of previous earnings. In addition, the system provides no assistance either to the self-employed or to those who become reemployed at lower wages. In this paper we propose three broad reforms, each designed to help the UI system better meet the needs of a twenty-first century workforce. First, we propose strengthening the federal role in UI by setting federal standards that would aim to raise average national benefit levels and average national recipiency rates. Expansion in the program would be financed by raising the FUTA taxable wage base over time to 45,000 to for inflation over recent decades. Second, we propose a wage-loss insurance program, as part of the UI program, to provide an earnings supplement for those workers who become reemployed at a wage lower than the wage they earned at their previous job. Finally, we propose allowing self-employed workers, and perhaps others, to contribute up to 0.25 percent of annual income, up to 200 per year, into Personal Unemployment Accounts (PUAs). These contributions would be matched by the federal government and could be withdrawn later to cushion severe income losses or to finance training or job research"--P. 2.
Author: Stephen A. Wandner
Publisher:
ISBN: 9780880996914
Category : Unemployed
Languages : en
Pages : 0
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Book Description
"This book proposes options and recommendations for comprehensive reform of the unemployment insurance program that was initiated as a social insurance program by the Social Security Act of 1935. It documents the development of the program and its decline since the 1970s. Reform proposals and recommendations are synthesized from reforms suggested by policy analysts and researchers over many decades"--
Author: David E. Balducchi
Publisher: W.E. Upjohn Institute
ISBN: 0880996528
Category : Political Science
Languages : en
Pages : 247
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Book Description
The Unemployment Insurance (UI) system is a lasting piece of the Social Security Act which was enacted in 1935. But like most things that are over 80 years old, it occasionally needs maintenance to keep it operating smoothly while keeping up with the changing demands placed upon it. However, the UI system has been ignored by policymakers for decades and, say the authors, it is broken, out of date, and badly in need of repair. Stephen A. Wandner pulls together a group of UI researchers, each with decades of experience, who describe the weaknesses in the current system and propose policy reforms that they say would modernize the system and prepare us for the next recession.
Author: Andrew Stettner
Publisher:
ISBN:
Category : Unemployment insurance
Languages : en
Pages : 92
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Book Description
Author: William B. Johnston
Publisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 156
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Book Description
Author: Oren M. Levin-Waldman
Publisher: Levy Economics Institute of Bard College
ISBN:
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
Author: Lynn A. Karoly
Publisher: Rand Corporation
ISBN: 0833034928
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
What are the forces that will continue to shape the U.S. workforce and workplace over the next 10 to 15 years? With its eye on forming sound policy and helping stakeholders in the private and public sectors make informed decisions, the U.S. Department of Labor asked RAND to look at the future of work. The authors analyze trends in and the implications of shifting demographic patterns, the pace of technological change, and the path of economic globalization.
Author: Annisah Um'rani
Publisher:
ISBN: 9781878428493
Category : Older women
Languages : en
Pages : 20
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Book Description
Author: EDWARD. TAYLOR-KALE ALDEN (LAURA.)
Publisher: Council on Foreign Relations Press
ISBN: 9780876097441
Category :
Languages : en
Pages : 160
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Book Description
The world is in the midst of a transformation in the nature of work, as smart machines, artificial intelligence, new technologies, and global competition remake how people do their jobs and pursue their careers. The Work Ahead focuses on how to rebuild the links among work, opportunity, and economic security for all Americans.
Author: Joel I. Klein
Publisher: Council on Foreign Relations
ISBN: 087609521X
Category : Education
Languages : en
Pages : 120
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Book Description
The United States' failure to educate its students leaves them unprepared to compete and threatens the country's ability to thrive in a global economy and maintain its leadership role. This report notes that while the United States invests more in K-12 public education than many other developed countries, its students are ill prepared to compete with their global peers. According to the results of the 2009 Program for International Student Assessment (PISA), an international assessment that measures the performance of 15-year-olds in reading, mathematics, and science every three years, U.S. students rank fourteenth in reading, twenty-fifth in math, and seventeenth in science compared to students in other industrialized countries. The lack of preparedness poses threats on five national security fronts: economic growth and competitiveness, physical safety, intellectual property, U.S. global awareness, and U.S. unity and cohesion, says the report. Too many young people are not employable in an increasingly high-skilled and global economy, and too many are not qualified to join the military because they are physically unfit, have criminal records, or have an inadequate level of education. The report proposes three overarching policy recommendations: implement educational expectations and assessments in subjects vital to protecting national security; make structural changes to provide students with good choices; and, launch a "national security readiness audit" to hold schools and policymakers accountable for results and to raise public awareness.