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Analyze the arguments for government intervention as opposed to arguments for market-based solutions for unemployment insurance. Hint: See the information about market failures. Examine who
- Analyze the arguments for government intervention as opposed to arguments for market-based solutions for unemployment insurance. Hint: See the information about market failures.
- Examine who has been helped and who has been hurt by the unemployment insurance government intervention.
- Examine externalities and unintended consequences of such unemployment insurance government intervention.
- Analyze whether cost of unemployment insurance government intervention as a share of GDP or the number of participants is increasing, decreasing, or varies with the state of the economy, based on the cost trend(or number of participants) since its inception or since 2000.
- Analyze credible economists' opinions on the success or failure of unemployment insurance government intervention in achieving its objectives.
- Recommend whether unemployment insurance government intervention should be continued as is, discontinued, or modified based on your conclusions. Defend your recommendation.
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