Lecture 7 38

Lecture 7 38 - at least seven years . 2. Monthly household...

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Should Hong Kong establish Unemployment Insurance? Hong Kong has no formal unemployment insurance system. However, there exists the Comprehensive Social Security Assistance (CSSA). To be eligible for this benefit, the applicant must satisfy a number of criteria, among them: 1. He/she must have been a Hong Kong resident for
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Unformatted text preview: at least seven years . 2. Monthly household income must be below a prescribed limit. 3. Asset test – household assets must be below a prescribed limit (e.g. for a family of 2 able-bodied adults and 2 able-bodied children, the limit is $60,000)...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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