An unemployment insurance scheme for the Euro area? A comparison of different alternatives using micro data
Dolls, Mathias
Fuest, Clemens, 1968-
Neumann, Dirk
Peichl, Andreas

Data: 2016
Resum: This is the first paper that assesses the importance of different stabilization channels of an unemployment insurance system for the euro area (EA). We provide insights on the potential added value of common unemployment insurance (UI) as a fiscal risk sharing device which crucially hinges on its ability to provide interregional smoothing. Running/ncounterfactual simulations based on micro data for the period 2000-13, we and that 10 per cent of the income fluctuations due to transitions into and out of un-employment would have been cushioned through interregional smoothing at EA-level. Smoothing gains are unevenly distributed across countries, ranging from -5 per cent in Malta to 22 per cent in Latvia. Our results suggest that the interregional smoothing potential is as important as intertemporal smoothing through debt. We and that four member states would have been either a permanent net contributor or net recipient. Contingent benefits could limit the degree of cross-country redistribution, but might reduce desired insurance effects. We also study heterogeneous effects within countries and discuss moral hazard issues at the level of individuals, the administration and economic policy.
Resum: The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
Ajuts: European Commission 649396
Drets: Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original. Creative Commons
Llengua: Anglès
Col·lecció: Barcelona Graduate School of Economics. ADEMU working paper series
Col·lecció: ADEMU Working Paper Series ; 48
Document: Working paper
Matèria: European fiscal integration ; Unemployment insurance ; Automatic stablizers

Adreça alternativa: https://hdl.handle.net/10230/27718


43 p, 727.9 KB

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 Registre creat el 2018-10-23, darrera modificació el 2022-07-09



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