Wage Insurance as a Policy Option in the United States

Stephen A. Wandner
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Stephen A. Wandner: Urban Institute and W.E. Upjohn Institute for Employment Research

No 16-250, Upjohn Working Papers from W.E. Upjohn Institute for Employment Research

Abstract: Wage insurance is a program that attempts to help permanently displaced workers transition to employment rapidly, effectively, and equitably. Because displaced workers have been found to suffer substantial earnings losses when they become reemployed, a wage insurance program provides a temporary wage supplement that partially reduces the wage loss experienced by targeted, newly reemployed workers. While participating workers receive a “wage supplement,” the program is called “wage insurance” because of its design as a social insurance program rather than an income transfer program. This paper provides a discussion of the development of wage insurance as a policy option in the United States and proposals that have had varying goals and designs.

Keywords: wage insurance; unemployment insurance; displaced workers; trade adjustment assistance; earnings losses; wage supplement (search for similar items in EconPapers)
JEL-codes: J65 J68 (search for similar items in EconPapers)
Date: 2016-01
New Economics Papers: this item is included in nep-ias and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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