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Income Support for the Unemployed : Options for the Philippines

Author

Listed:
  • Jude H. Esguerra

    (Institute for Popular Democracy in the Philippines)

  • Mokoto Ogawa

    (Ministry of Health, Labour and Welfare, Japan)

  • Milan Vodopivec

    (World Bank)

Abstract

This paper evaluates existing income support programs for the unemployed in the Philippines, as well as programs used for this purpose in other countries. It provides a systematic survey of both arguments in favor of and against a certain program. By placing the discussion in the framework of general risk management, effort is made to adopt a holistic view and treat income support systems for the unemployed in the wider context of other formal and informal mechanisms of social risk management. Particular attention is devoted to the interconnection between unemployment support programs and the financial and, above all, the labor market, the latter being of utmost importance for enhancing the self-protection capacity of individuals and households.

Suggested Citation

  • Jude H. Esguerra & Mokoto Ogawa & Milan Vodopivec, 2001. "Income Support for the Unemployed : Options for the Philippines," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 38(2), pages 37-66, December.
  • Handle: RePEc:phs:prejrn:v:38:y:2001:i:2:p:37-66
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/47/555
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    References listed on IDEAS

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    1. Svensson, Lars E. O., 1999. "Inflation targeting as a monetary policy rule," Journal of Monetary Economics, Elsevier, vol. 43(3), pages 607-654, June.
    2. Sargent, Thomas J & Wallace, Neil, 1973. "The Stability of Models of Money and Growth with Perfect Foresight," Econometrica, Econometric Society, vol. 41(6), pages 1043-1048, November.
    3. Jeffrey A. Frankel, 1995. "Financial Markets and Monetary Policy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061740, January.
    4. George A. Kahn & Klara Parrish, 1998. "Conducting monetary policy with inflation targets," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 5-32.
    5. Barro, Robert J, 1978. "Unanticipated Money, Output, and the Price Level in the United States," Journal of Political Economy, University of Chicago Press, vol. 86(4), pages 549-580, August.
    6. Michael J. Dueker & Andreas M. Fischer, 1998. "A guide to nominal feedback rules and their use for monetary policy," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 55-63.
    7. Mervyn Allister King, 1998. "The Inflation Target Five Years On," FMG Special Papers sp99, Financial Markets Group.
    8. Fair, Ray C, 1978. "A Criticism of One Class of Macroeconomic Models with Rational Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 10(4), pages 411-417, November.
    9. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
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    Citations

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    Cited by:

    1. Brown, Alessio J.G. & Orszag, J. Michael & Snower, Dennis J., 2008. "Unemployment accounts and employment incentives," European Journal of Political Economy, Elsevier, vol. 24(3), pages 587-604, September.

    More about this item

    Keywords

    risk management; income support;

    JEL classification:

    • H4 - Public Economics - - Publicly Provided Goods
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers

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