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Journal articles
Drowned by numbers? Stabilization properties of an EU-wide unemployment insurance system
Abstract : The recent crisis has given rise to proposals for the creation of a European unemployment insurance system. We simulate an EU-wide mechanism under various scenarios, varying methods of financing (common or country-specific contribution rates) and triggers for pay-outs (all time or contingent clauses). We analyse the impact of the system using different measures of stabilization under different fiscal multipliers. A system operating during bad times (periods where the increase in unemployment is large) would reduce GDP growth variability but also growth correlation among member countries. Hence, there is a trade-off between stabilization and synchronization of national business cycles.
https://hal.archives-ouvertes.fr/hal-02506028
Contributor : Isabelle Celet <>
Submitted on : Thursday, March 12, 2020 - 8:55:50 AM
Last modification on : Monday, November 2, 2020 - 10:32:02 AM
Contributor : Isabelle Celet <>
Submitted on : Thursday, March 12, 2020 - 8:55:50 AM
Last modification on : Monday, November 2, 2020 - 10:32:02 AM