3. Suppose that Unemployment Insurance (UI) benefits are set according to the following rules: (i) minimum weekly earnings in last week of employment of $200.00 is needed to qualify; (ii) the maximum UI weekly benefit is $1000; and (iii) UI benefits are set equal to 50% of the last week's earnings between the minimum and maximum levels A. Show the structure of the UI benefit system on a diagram. B. Compute both the UI benefit level and the replacement rate if weekly earnings in the last week of employment is: (i) $100; (ii) $500; and (iii) $3,000.
3. Suppose that Unemployment Insurance (UI) benefits are set according to the following rules: (i) minimum weekly earnings in last week of employment of $200.00 is needed to qualify; (ii) the maximum UI weekly benefit is $1000; and (iii) UI benefits are set equal to 50% of the last week's earnings between the minimum and maximum levels A. Show the structure of the UI benefit system on a diagram. B. Compute both the UI benefit level and the replacement rate if weekly earnings in the last week of employment is: (i) $100; (ii) $500; and (iii) $3,000.
Chapter16: Labor Markets
Section: Chapter Questions
Problem 16.3P
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