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Simulation Analysis Of The Louisiana Unemployment Insurance Tax System: Final Report, Christopher J. O'Leary
Simulation Analysis Of The Louisiana Unemployment Insurance Tax System: Final Report, Christopher J. O'Leary
Upjohn Institute Technical Reports
Unemployment insurance (UI) is a federal-state program designed to provide adequate partial income replacement to workers during temporary periods of involuntary joblessness. The UI system acts as an automatic macroeconomic stabilizer, increasing spending during recessions and reducing aggregate spending during recoveries. The program helps prevent recipients from slipping into poverty during unemployment.
This report reviews the recent history of financing regular UI benefits in Louisiana, assesses the adequacy of financing, and suggests areas where the financing system could be improved. The project aims to identify possible system reforms that will 1) assure long-term financial stability, 2) increase tax equity, and …