Colin Busby (C.D. Howe Institute) Alexandre Laurin (C.D. Howe Institute)
Abstract
While the public debate over reforms to Employment Insurance centres on regional fairness in eligibility requirements, it is critical that the EI program remain affordable in good times and bad. To avoid pro-cyclical EI premium decreases during booms and harmful premium increases during downturns, the challenge is to create a rate-setting mechanism that would balance the books over the ebbs and flows of economic cycles, and permit yearly EI account balances to vary. Ottawa also needs to introduce reforms that insulate the EI fund’s management from political interference – and protect that fund from governments that would dip into EI surpluses for general spending. One model is the Canada Pension Plan Investment Board.
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Publisher Info
Paper provided by C.D. Howe Institute in its series e-briefs with number
81.
Length: 8 pages Date of creation: Jun 2009 Date of revision: Publication status: Published on the C.D. Howe Institute website, June 2009 Handle: RePEc:cdh:ebrief:81
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