Making the Unemployment Insurance System Work for California's Low Wage Workers PDF Download

Author: California Budget Project
Publisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 28

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Author:
Publisher:
ISBN:
Category : Unemployment insurance
Languages : en
Pages : 18

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Author:
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Category :
Languages : en
Pages : 0

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The Experience Rating Index is a measure of the overall degree to which the costs of a states UI system are passed on to employers based on the costs specific employers impose on the system. [...] Employers are most able to pass along the parts of the tax that apply to every firm and the parts that do not vary based on employers experience (the flat parts of the tax).12 The federal tax is a flat tax, as is the portion of an employers tax bill that reflects the firms cost share of non-charged and ineffectively charged benefits. [...] The states Department of Finance (DoF) has estimated that approximately a quarter of the cost of implement- ing an alternative base period would be returned to the state in the form of lower welfare costs.48 Previous estimates by the EDD suggest that implementation of an alternative base period would increase eligibility for UI by approximately four percent without changing the basic requirement t. [...] Raising Californias taxable wage base to the national average would reduce the regressive nature of the UI tax and spread the cost of the system more equitably among employers with minimal competitive impact. [...] At the end of the third quarter of 2000, the balance of the fund, $5.786 billion, equaled 235 percent of the benefits paid during the preceding 12 months.53 Because of the funds strong position, modest benefit increases could be absorbed in the near term with minimal or no increased revenues.

Author: California. Legislature. Assembly. Interim Committee on Finance and Insurance
Publisher:
ISBN:
Category : Unemployment insurance
Languages : en
Pages : 16

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Author: California. Legislature. Assembly. Interim Committee on Finance and Insurance
Publisher:
ISBN:
Category : Unemployment insurance
Languages : en
Pages : 192

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"Report of the Interim Committee on Finance and Insurance."--T.p.

Author: Katherine Baicker
Publisher:
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Category : Employer-sponsored health insurance
Languages : en
Pages : 44

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Employer health insurance mandates form the basis of many health care reform proposals. Proponents make the case that they will increase insurance, while opponents raise the concern that low-wage workers will see offsetting reductions in their wages and that in the presence of minimum wage laws some of the lowest wage workers will become unemployed. We construct an estimate of the number of workers whose wages are so close to the minimum wage that they cannot be lowered to absorb the cost of health insurance, using detailed data on wages, health insurance, and demographics from the Current Population Survey. We find that 33 percent of uninsured workers earn within $3 of the minimum wage, putting them at risk of unemployment if their employers were required to offer insurance. Assuming an elasticity of employment with respect to minimum wage increase of -0.10, we estimate that 0.2 percent of all full-time workers and 1.4 percent of uninsured full-time workers would lose their jobs because of a health insurance mandate. Workers who would lose their jobs are disproportionately likely to be high school dropouts, minority, and female. This risk of unemployment should be a crucial component in the evaluation of both the effectiveness and distributional implications of these policies relative to alternatives such as tax credits, Medicaid expansions, and individual mandates, and their broader effects on the well-being of low-wage workers.

Author: California. Legislature. Assembly. Interim Committee on Finance and Insurance
Publisher:
ISBN:
Category : Unemployment insurance
Languages : en
Pages : 188

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Author: California. State Department of Employment
Publisher:
ISBN:
Category : Unemployment insurance
Languages : en
Pages : 132

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Author: California. State Department of Employment
Publisher:
ISBN:
Category : Unemployment insurance
Languages : en
Pages : 410

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Author: Rona Levine Sherriff
Publisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 16

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