A Discussion on the Nature of Insurance Premium Incentives Applied in Turkey: Public Expenditure or Premium Expenditure?

Insurance premium incentives are an essential active employment policy in the fight against unemployment. They are also relevant to achievingmany financial and social policy objectives. With insurance premium incentives, the premium burden on the employer and/or the insured is reduced, and the goal...

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Main Author: Mehmet Bulut
Format: Article
Language:English
Published: Istanbul University Press 2022-04-01
Series:Maliye Çalışmaları Dergisi
Subjects:
Online Access:https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/E2A9AA4D9B3B4B3CB46DEB2F83FFC9A2
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author Mehmet Bulut
author_facet Mehmet Bulut
author_sort Mehmet Bulut
collection DOAJ
description Insurance premium incentives are an essential active employment policy in the fight against unemployment. They are also relevant to achievingmany financial and social policy objectives. With insurance premium incentives, the premium burden on the employer and/or the insured is reduced, and the goal is to achieve results, such as protecting existing employment, reducing unemployment, preventing unregistered employment, introducing policies for certain sectors and regions, and providing employment for specific groups of people. Therefore, achieving these goals can only be possible if the incentive system is applicable, concise, and accurate in scope. Turkey currently has 17 different insurance premium incentives implemented, most of which are public expenditures and they carry challenges, such as lack of inter-institutional coordination, technical and legal challenges, and complexity in practice. In this study, explanations were given regarding the determination of the nature of insurance premium incentives applied in Turkey, as well as the observed challenges. Furthermore, the concept of premium expenditure was employed for the first time in an academic study in Turkey, and a comparison was made with the concept of public expenditures, and thus, making this study significant in terms of finance literature.
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spelling doaj-art-2e5d45a2f02a44359d3af120ef8d61282025-08-20T02:57:20ZengIstanbul University PressMaliye Çalışmaları Dergisi2757-67282022-04-0167678710.26650/mcd2021-1073771123456A Discussion on the Nature of Insurance Premium Incentives Applied in Turkey: Public Expenditure or Premium Expenditure?Mehmet Bulut0https://orcid.org/0000-0003-0157-4906Bayburt Üniversitesi, Bayburt, TurkiyeInsurance premium incentives are an essential active employment policy in the fight against unemployment. They are also relevant to achievingmany financial and social policy objectives. With insurance premium incentives, the premium burden on the employer and/or the insured is reduced, and the goal is to achieve results, such as protecting existing employment, reducing unemployment, preventing unregistered employment, introducing policies for certain sectors and regions, and providing employment for specific groups of people. Therefore, achieving these goals can only be possible if the incentive system is applicable, concise, and accurate in scope. Turkey currently has 17 different insurance premium incentives implemented, most of which are public expenditures and they carry challenges, such as lack of inter-institutional coordination, technical and legal challenges, and complexity in practice. In this study, explanations were given regarding the determination of the nature of insurance premium incentives applied in Turkey, as well as the observed challenges. Furthermore, the concept of premium expenditure was employed for the first time in an academic study in Turkey, and a comparison was made with the concept of public expenditures, and thus, making this study significant in terms of finance literature.https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/E2A9AA4D9B3B4B3CB46DEB2F83FFC9A2insurance premium incentiveunemploymentpublic expenditurepremium expenditureunregistered employment
spellingShingle Mehmet Bulut
A Discussion on the Nature of Insurance Premium Incentives Applied in Turkey: Public Expenditure or Premium Expenditure?
Maliye Çalışmaları Dergisi
insurance premium incentive
unemployment
public expenditure
premium expenditure
unregistered employment
title A Discussion on the Nature of Insurance Premium Incentives Applied in Turkey: Public Expenditure or Premium Expenditure?
title_full A Discussion on the Nature of Insurance Premium Incentives Applied in Turkey: Public Expenditure or Premium Expenditure?
title_fullStr A Discussion on the Nature of Insurance Premium Incentives Applied in Turkey: Public Expenditure or Premium Expenditure?
title_full_unstemmed A Discussion on the Nature of Insurance Premium Incentives Applied in Turkey: Public Expenditure or Premium Expenditure?
title_short A Discussion on the Nature of Insurance Premium Incentives Applied in Turkey: Public Expenditure or Premium Expenditure?
title_sort discussion on the nature of insurance premium incentives applied in turkey public expenditure or premium expenditure
topic insurance premium incentive
unemployment
public expenditure
premium expenditure
unregistered employment
url https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/E2A9AA4D9B3B4B3CB46DEB2F83FFC9A2
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