funding on employment fluctuations.We show that, compared with the pay-as-you-go financing system, buffer funding stabilises … the economy by decreasing employment fluctuations where wages are flexible.If wages are rigid, buffer funding stabilises … to the union s UI fund and by the government s tax revenue.The main focus of this paper is on the effects of UI buffer …

funding on employment fluctuations. We show that, compared with the pay-as-you-go financing system, buffer funding stabilises … the economy by decreasing employment fluctuations where wages are flexible. If wages are rigid, buffer funding stabilises … to the union’s UI fund and by the government’s tax revenue. The main focus of this paper is on the effects of UI buffer …

funding on employment fluctuations. We show that, compared with the pay- as-you-go financing system, buffer funding stabilises … the economy by decreasing employment fluctuations where wages are flexible. If wages are rigid, buffer funding stabilises … to the union’s UI fund and by the government’s tax revenue. The main focus of this paper is on the effects of UI buffer …