International Conference on Eurasian Economies
12-14 October 2011 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 348
Status : Paper published
Language : Turkish
Topic : Labor Economics and Migration
Presenter: Prof. Dr. Faruk Andaç
Session : 2C Çalışma Ekonomisi
The Importance of Unemployment Insurance in Underdeveloped Countries
Azgelişmiş Ülkelerde İşsizlik Sigortası’nın Önemi
- Prof. Dr. Faruk Andaç (Çağ University, Türkiye)
Abstract
In the absence of unemployment insurance, unemployment descends over like a nightmare on the personnel in business life and constitutes his/her utmost anxiety. Particularly in underdeveloped countries where population increase is rapid whereas speed of industrialization is back, unemployment introduces with itself a good number of adverse effects as well. On accounts of these reasons there is a substantial need for Unemployment Insurance which is a state-enforced social security in order to meet maintenance and living expenses of the dependant personnel whose active business life has been, due to socio-economic accounts, terminated against their will. Indeed, Unemployment Insurance not only provides fiscal support to the worker but it also guarantees future employment and gains collective bargaining power to the person. By means of an effective job-oriented training and effective operating job-placement system the insurance system also offers a chance of obtaining a new job to the unemployed. In other terms “it provides the power and opportunity to acquire in better conditions a new job with appropriate payment answering to the competency and skill of the unemployed”. Unemployment insurance that is desperately needed to make people live happy under the security of job must be, as it is the case for the rest of other countries as well, established in underdeveloped states as well.
JEL codes: J65
Andaç, Faruk (2011). "The Importance of Unemployment Insurance in Underdeveloped Countries" in Proceedings of International Conference of Eurasian Economies 2011, pp.150-153, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C02.00348
