Glossary:Unemployment function
This function includes benefits that:
- replace in whole or in part income lost by a worker due to the loss of gainful employment;
- provide a subsistence (or better) income to persons entering or re-entering the labour market;
- compensate for the loss of earnings due to partial unemployment;
- replace in whole or in part income lost by an older worker who retires from gainful employment before the reference retirement age because of job reductions for economic reasons;
- contribute to the cost of training or re-training people looking for employment;
- help unemployed persons meet the cost of travelling or relocating to obtain employment;
- provide help and relief by providing appropriate goods and services.