The level of employment insurance bene?fits should be such that the consumption when unemployed and employed is the same. True or False?

The level of employment insurance bene?fits should be such that the consumption when unemployed and employed is the same. True or False? Support your answer with an explanation (one to two sentences) or a diagram. [1 mark]

Expert Solution

This statement is false.

Because if insurance provides same consumption for both employed and unemployed people,then people will have an incentive to stay unemployed and they will not enter in labor force.As a result,there will be huge unemployment and economic output will be low.

Rahul Sunny answered 2 years ago

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