institutions were holding up relative wages of low-skilled labor which accounts for the disproportionate increase of unemployment …

institutions were holding up relative wages of low-skilled labor which accounts for the disproportionate increase of unemployment …

The systematic use of experience rating is an original feature of the U.S. unemployment benefit system. In most states …, unemployment benefits are financed by taxing firms in proportion to their separations. Experience rating is a way to require … employers to contribute to the payment of unemployment benefits they create through their firing decisions. It is striking that …