Individual Unemployment Accounts
October 5, 2003
This article has been published in The Independent Review, Spring 2004.
Many of the problems facing the unemployment compensation system in the United States can be solved with an alternative system of individual unemployment accounts. IUAs would give the unemployed greater financial security, flexibility, and incentive to search for work; remove the current system’s inadvertent encouragement of layoffs; and promote savings and economic growth.
