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Discuss the problems that such a scheme would present

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Reference no: EM131742272

A frequent criticism of the Employment Insurance Program in Canada is that premiums are not based on risk of filing a claim. Some have argued for changes to the system so that workers who are high risk of being unemployed and filing a claim will pay higher premiums. Employers who frequently layoff workers will also pay higher premiums. (This would make the system actuarially fair.) Discuss the problems that such a scheme would present.

Reference no: EM131742272

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