Unemployment Insurance |
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| Authors: | Michael Beenstock |
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| Affiliation: | Michael Beenstock is Professor of Economics, the Faculty of Social Sciences, Hebrew University of Jerusalem, Israel. (Formerly Esmée Fairbairn Professor of Finance and Investment, City University Business School, 1981–87.) Main academic interest: the applied econometric analysis of labour markets and macro-economic activity. Main publications: Insurance for Unemployment (with Valerie Brasse), Allen &Unwin for the Institute of Economic Affairs, 1986;'Stochastic Analysis of Competitive Unemployment Insurance Premia' (with David Blake), European Economic Review, 1988. |
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| Abstract: | The introduction of social insurance in Britain stemmed ultimately from Beveridge's and others' desire to abolish poverty. Beveridge failed to understand that social insurance is incompatible with private insurance markets, and especially unemployment insurance. |
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