Unemployment Compensation in a Worldwide Recession

Research Report

Unemployment Compensation in a Worldwide Recession

Abstract

This paper examines data on unemployment compensation programs across a sample of 150 large countries that account for 99 percent of the world's population. It documents recipiency rates and replacement rates in the 66 countries with UC programs. It makes comparisons of the degree of earnings loss protection in countries arranged by geographic area and by income level. Overall it finds that UC replaces 11.7 percent of the earnings losses caused by unemployment.

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