Public policy to increase the job finding rate includes ______,and public policy to decrease the job separation rate includes ______.
A) government employment agencies; higher unemployment insurance benefits
B) job training programs; 100 percent experience-rated unemployment insurance
C) higher minimum wage laws; payment of unemployment benefits for longer periods
D) higher efficiency wages; partial experience-rated unemployment insurance

Question

Quizplus · Accepted Answer

Public policy to increase the job finding rate includes job training programs which aim to provide individuals with the necessary skills to secure employment. On the other hand, public policy to decrease the job separation rate includes 100 percent experience-rated unemployment insurance, which provides a financial incentive for employers to retain employees instead of laying them off. This policy makes it more expensive for firms to let workers go because they become directly responsible for the cost of unemployment benefits. Therefore, B is the best choice as it accurately identifies the policies that are aimed at increasing job finding and decreasing job separation respectively.

Public Policy to Increase the Job Finding Rate Includes ______,And