South Africa’s Unemployment Insurance Fund Benefit Function: A Mathematical Critique

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dc.contributor.author Horn, Aidan
dc.date.accessioned 2021-04-16T12:48:06Z
dc.date.available 2021-04-16T12:48:06Z
dc.date.issued 2021-04
dc.identifier.citation Horn, AJ. (2021). South Africa’s Unemployment Insurance Fund Benefit Function: A Mathematical Critique. Cape Town: SALDRU, UCT. (SALDRU Working Paper Number 276)
dc.identifier.isbn 978-1-928516-38-5
dc.identifier.uri http://hdl.handle.net/11090/1004
dc.description.abstract This paper highlights the unnecessary complexity of South Africa’s Unemployment Insurance Fund (UIF) benefit function, known as the Income Replacement Rate (IRR), and the disadvantageous manner in which the IRR is low for most earners. Possible alternative formulae are described, along with the implications for total expenditure on the UIF. The paper recommends simpler (and more optimal) formulae. en_US
dc.language.iso en en_US
dc.relation.ispartofseries Saldru Working Paper;276
dc.title South Africa’s Unemployment Insurance Fund Benefit Function: A Mathematical Critique en_US
dc.type Working Paper en_US


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