First published in 1986, Insurance for Unemployment proposes a radical approach to the reform of unemployment and social insurance. The book develops the ethical, economic and actuarial case for the proposed reforms, whereby the individual pays the contributions which reflect the unemployment risk that he wishes to insure. Such ideas provide a libertarian alternative to the social security systems that have been adopted by most countries in the world based on Beveridge’s conception of social insurance, and the book provides an original basis for privatising unemployment insurance. Conventional acceptance of the welfare state is challenged, while the book stands as a landmark in relating market principles to issues of social policy.

• Cover 2
• Insurance for Unemployment 3
• Title Page 4
• Copyright Page 5
• Title Page 6
• Copyright Page 7
• Preface 9
• Table of Contents 10
• CHAPTER 1 The Political Economy of Unemployment Insurance 12
• CHAPTER 2 Unemployment Insurance in Nineteenth-Century Britain 22
• CHAPTER 3 The Theory of Unemployment Insurance Pricing 44
• CHAPTER 4 Competitive Pricing of Unemployment Insurance in Britain 63
• CHAPTER 5 Contemporary Unemployment Insurance Policies 86
• CHAPTER 6 Policy Analysis 94
• References 110