Purpose – The purpose of this paper is to test the hypothesis that there exists a positive link between financial development and economic growth in island economies. Design/methodology/approach – To study this relationship both static and dynamic panel data techniques (GMM) are used for a...

Purpose – The purpose of this paper is to test the hypothesis that there exists a positive link between financial development and economic growth in island economies. Design/methodology/approach – To study this relationship both static and dynamic panel data techniques (GMM) are used for a...

The paper identifies key labor market and institutional differences between developed and developing countries, analyzes how these differences affect the working of the standard, OECD-style unemployment insurance (UI) program, and derives a desirable design of unemployment benefit program in...

The paper describes and evaluates unemployment insurance savings accounts (UISAs) – a relatively new and not well-known way of providing unemployment benefits. The UISAs reduce work disincentives by allowing recipients to keep their own unused unemployment contributions, and offer the...

The paper describes and evaluates unemployment insurance savings accounts (UISAs) - a relatively new and not well-known way of providing unemployment benefits. The UISAs reduce work disincentives by allowing recipients to keep their own unused unemployment contributions, and offer the...

Unemployment insurance (UI) is the most common public income support program for the unemployed in developed countries.1 In these countries, it typically offers good protection: it covers the majority of employed persons, irrespective of occupation or industry, and provides adequate smoothening...