ECON 241 Lecture 7: Nov.30
20 Dec 2017
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Document Summary
Reforms to ei: measurement changing to hours of work, repeat user penalties, minimum divisor rule. Earnings over period of work divided by # weeks of work or minimum divisor, which even is longer. 20 22 earn + work 12 weeks. Attempt to deal with refusal extra week work: redistribution. Families with incomes < ,000 no longer have ? (regulate) of 60% Replaced with family supplement tied to weekly amount of national and child benefit. Increase redistribution to lower income families: other. Ymie decrease from 42,380 to ,000(decrease tax base) Premium rate decrease from 3% for employee to 2. 95% (now. New entrants to l mkt and those who have been out of l mkt for 2 years require 910 hours of work for eligibility. Savings of billion>>> half due to ei. Repeat claims decrease 13% so interesting rules are beginning to work. Report shows repeat usage penalties having increasingly, significant impact on benefits paid to these claimants.
