Cash Transfers Based On Contributions
The problem of unemployment has been primarily faced with governmental benefits, in the form of cash transfers based on contributions (indennità di disoccupazione). To obtain up to 40% of the previous wages (for a maximum of around 1000 € monthly in 2007) for up to seven months, a worker must have been previously employed and enrolled for the insurance, and depositing contributions for at least 52 weeks in two years. The high unemployment rates that Italy faced in the 1980s made unemployment benefits the fastest growing component of social security spending, and contributed to the rise of the Italian public debt.
Read more about this topic: Unemployment Benefits In Italy
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