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The role of unemployment insurance during the economic and financial crisis

Author

Listed:
  • Anca-Stefania SAVA

    (Faculty of Economics and Business Administration, “Alexandru Ioan Cuza” University, Department of Business Administration, Iasi, Romania)

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.

Suggested Citation

  • Anca-Stefania SAVA, 2010. "The role of unemployment insurance during the economic and financial crisis," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 29-36.
  • Handle: RePEc:ddj:fseeai:y:2010:i:1:p:29-36
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    More about this item

    Keywords

    iunemployment insurance; economic crisis; unemployment rate;
    All these keywords.

    JEL classification:

    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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