Drowned by numbers? Stabilization properties of an EU-wide unemployment insurance system

Farvaque, Etienne; Huart, Florence

Document type :

Compte-rendu et recension critique d'ouvrage

DOI :

10.1080/00036846.2018.1441517

Title :

Drowned by numbers? Stabilization properties of an EU-wide unemployment insurance system

Author(s) :

Farvaque, Etienne [Auteur]

Lille économie management - UMR 9221 [LEM]
Huart, Florence [Auteur]

Economie Quantitative, Intégration, Politiques Publiques et Econométrie [EQUIPPE]

Journal title :

Applied Economics

Pages :

4153-4181

Publisher :

Taylor & Francis (Routledge)

Publication date :

2018-02-25

ISSN :

0003-6846

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

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 ...
Show more >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.Show less >

Language :

Anglais

Popular science :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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