Category: Unemployment

Unemployment Benefit


When a state or a government assists or aids those who are unemployed who agree to actively seek employment, this is known as unemployment benefit. Unemployment benefits vary in size and coverage according to the jurisdiction of the unemployment agency and the status of the unemployed. Typically, the coverage of unemployment benefits extends to basic needs. However, it can also be proportional to the last drawn salary. Individuals register to claim unemployment benefits and indicate their status of unemployment.

Unemployment and Inequality


Unemployment and Inequality: An Overview

Unemployment and inequality are closely related to each other. When considered from a larger point of view, unemployment is the reason and inequality is the outcome. Unemployment results in inequality when it continues for successive cycles. Unemployment, be it cyclical, structural or frictional, adds to the misery of the jobless workers. The unemployment insurance schemes are designed to support the families of the unemployed workers up to a certain period of time.