The role of unemployment insurance during the economic and financial crisis

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Dată
2010-01Autor
Sava,Anca-Stefania
Abstract
The aim of this paper is to discuss the role of unemployment insurance during recession.
Firstly, it presents a brief literature review, according to which unemployment insurance
works as a built-in stabilizer for the economy. Secondly, it highlights certain
characteristics of these programs in developed and developing countries, in recession
periods. Also, it analyzes the evolution of Romanian unemployment insurance
indicators during 2004-2009 and finds that public expenditures had an opposite trend to
that of GDP and budgetary revenues, decreasing during periods of economic growth
and increasing during the current recession, which suggests an interaction with the
economic cycle.
Colecții
- 2010 fascicula1 nr1 [40]