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You are hired as a policy consultant to a politician, who is proposing a major reform of U.S. social insurance programs. Specifically, you are asked
You are hired as a policy consultant to a politician, who is proposing a major reform of U.S. social insurance programs. Specifically, you are asked to make a recommendation for adjusting the benefit generosity across Unemployment Insurance, Workers Compensation, and Disability Insurance. In your response:
A. Include a brief discussion of current relative benefit generosity across these programs.
B. Address whether these current generosity levels are consistent with the theoretical and empirical results.
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