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Europäische Arbeitslosenversicherung

Die Europäische Arbeitslosenversicherung wird als ein Instrument zur Stabilisierung ökonomischer Krisen im Euro-Raum diskutiert. EU-Mitgliedsländern mit hoher Arbeitslosigkeit könnten so zusätzliche Mittel zur Verfügung gestellt werden, die von Ländern mit guter wirtschaftlicher- und Beschäftigungssituation finanziert werden.
Dieses Themendossier dokumentiert die wissenschaftliche und politische Diskussion um die Ausgestaltung und Einführung einer Europäischen Arbeitslosenversicherung. Im Filter „Autorenschaft“ können Sie auf IAB-(Mit-)Autorenschaft eingrenzen.

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  • Literaturhinweis

    The crowding in hypothesis revisited: new insights into the impact of social protection expenditure on informal social capital (2018)

    Visser, Mark; Gesthuizen, Maurice; Scheepers, Peer;

    Zitatform

    Visser, Mark, Maurice Gesthuizen & Peer Scheepers (2018): The crowding in hypothesis revisited: new insights into the impact of social protection expenditure on informal social capital. In: European Societies, Jg. 20, H. 2, S. 257-280. DOI:10.1080/14616696.2018.1442928

    Abstract

    "This study revisits the crowding in hypothesis and contributes to the literature in two ways. First, in addition to total social spending, we examine whether different types of social spending increase social capital among their target groups. Second, we distinguish within- from between-country effects of social spending. Data from the European Social Survey are analysed with logistic multilevel regression models. We analyse two indicators of informal social capital: having social contact with friends, family or work colleagues and having anyone to discuss intimate and personal matters with. The results show that the more governments spend on social protection, the more likely people within those countries are to have social and intimate contact. The results also demonstrate that within-country effects of the types of social spending on having social contact disappear once we control for unobserved heterogeneity between countries. Yet, within countries with higher social spending on sickness/health care, old age and social exclusion, we find that these specific expenditures facilitate intimate contact among people in bad health, retirees and people who are having difficulties living on their present income, respectively. Overall, the crowding in hypothesis is supported. We conclude that it is important to examine the types of social spending and to distinguish within- and between-country effects." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    Sailing the seven seas: A schematic overview of mechanisms that can be used to strengthen the social security protection of persons moving in and out of the EU (2018)

    Vonk, Gijsbert;

    Zitatform

    Vonk, Gijsbert (2018): Sailing the seven seas: A schematic overview of mechanisms that can be used to strengthen the social security protection of persons moving in and out of the EU. In: European Journal of Social Security, Jg. 20, H. 2, S. 204-216. DOI:10.1177/1388262718771793

    Abstract

    "The purpose of this final contribution is to offer a broad schematic overview of 'mechanisms' that can be used to strengthen the social security protection of persons moving in and out of the EU. Seven mechanisms have been selected for discussion: national unilateral standards, EU unilateral standards, bilateral agreements, EU coordination of bilateral agreements, EU third country agreements, multilateral co-operation and global standards. The existence of this plethora of mechanisms, each with its own merits and shortcomings, casts a shadow over the possibility of a uniform EU regime for external social security relations. Any attempt to introduce such an approach can immediately be contradicted by alternative approaches and mechanisms which can be used both by the EU and by the individual Member States. It is suggested that more coherence in external EU social security coordination can perhaps be found in a conceptual way, by layering the seven mechanisms in a logical manner." (Author's abstract, © Intersentia, Ltd.) ((en))

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  • Literaturhinweis

    Umsetzung des Koalitionsvertrages in der europäischen Sozialpolitik: Antwort der Bundesregierung auf die Kleine Anfrage der Abgeordneten und der Fraktion BÜNDNIS 90/DIE GRÜNEN (Drucksache 19/2834) (2018)

    Zitatform

    Bundesministerium für Arbeit und Soziales (2018): Umsetzung des Koalitionsvertrages in der europäischen Sozialpolitik. Antwort der Bundesregierung auf die Kleine Anfrage der Abgeordneten und der Fraktion BÜNDNIS 90/DIE GRÜNEN (Drucksache 19/2834). (Verhandlungen des Deutschen Bundestages. Drucksachen 19/3290 (05.07.2018)), 7 S.

    Abstract

    Die Bundesregierung antwortet auf die Anfrage der Fraktion BÜNDNIS 90/DIE GRÜNEN zur Umsetzung der EU-2020-Strategie und der im Koalitionsvertrag formulierten Vorhaben zur Stärkung eines sozialen Europas. (IAB-Doku)

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  • Literaturhinweis

    Errichtung einer Europäischen Arbeitsbehörde: Antwort der Bundesregierung auf die Kleine Anfrage der Abgeordneten und der Fraktion der FDP (Drucksache 19/2786) (2018)

    Zitatform

    Bundesministerium für Arbeit und Soziales (2018): Errichtung einer Europäischen Arbeitsbehörde. Antwort der Bundesregierung auf die Kleine Anfrage der Abgeordneten und der Fraktion der FDP (Drucksache 19/2786). (Verhandlungen des Deutschen Bundestages. Drucksachen 19/3192 (03.07.2018)), 14 S.

    Abstract

    Die Europäische Kommission hat am 13. März 2018 einen umfassenden Vorschlag zur Errichtung einer Europäischen Arbeitsbehörde vorgelegt. Diese soll unter anderem folgende Ziele verfolgen: Bereitstellung von Informationen für Arbeitnehmerinnen und Arbeitnehmer, Verbesserung der Zusammenarbeit nationaler Behörden sowie Bekämpfung von Missbrauch der Arbeits- und Sozialgesetzgebung. Die Bundesregierung antwortet auf die Anfrage der FDP-Fraktion zur Einschätzung der Bundesregierung zur Initiative der Kommission und zum Stand der Arbeitskräftemobilität u.a. mit Tabellen zur Anzahl ausländischer Angestellter und Arbeiter (ohne Auszubildende) nach ausgewählter Staatsangehörigkeit in Deutschland (Ergebnisse des Mikrozensus 2007-2016). (IAB)

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  • Literaturhinweis

    Position der Bundesregierung zu bisherigen und neuen Vorschlägen einer Europäischen Arbeitslosenversicherung: Antwort der Bundesregierung auf die Kleine Anfrage der Abgeordneten und der Fraktion DIE LINKE (Drucksache 19/5468) (2018)

    Zitatform

    Bundesministerium der Finanzen (2018): Position der Bundesregierung zu bisherigen und neuen Vorschlägen einer Europäischen Arbeitslosenversicherung. Antwort der Bundesregierung auf die Kleine Anfrage der Abgeordneten und der Fraktion DIE LINKE (Drucksache 19/5468). (Verhandlungen des Deutschen Bundestages. Drucksachen 19/5926 (21.11.2018)), 3 S.

    Abstract

    "Der Bundesminister der Finanzen Olaf Scholz hat Mitte Oktober 2018 den Vorschlag unterbreitet, eine europaweite Rückversicherung für nationale Arbeitslosenversicherungen zu schaffen. Bei dem Vorschlag handelt es sich um einen Teil einer deutsch-französischen Initiative für eine 'Roadmap' zur Stabilisierung der Eurozone. Mit einer Europäischen Arbeitslosenversicherung soll ein Stabilisierungsmechanismus geschaffen werden, der asymmetrische konjunkturelle Entwicklungen in den Mitgliedsländern dämpft." (Textauszug, IAB-Doku)

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  • Literaturhinweis

    Design of a European unemployment benefit scheme (2017)

    Beblavý, Miroslav; Maselli, Ilaria; Lenaerts, Karolien ;

    Zitatform

    Beblavý, Miroslav, Karolien Lenaerts & Ilaria Maselli (2017): Design of a European unemployment benefit scheme. (CEPS research report 2017,04), Brüssel, 140 S.

    Abstract

    "In this extensive report, we assess how a European unemployment benefit scheme (EUBS) could be designed. To this end, we examine 18 EUBS variants, 4 equivalent and 14 genuine schemes, and their key features. Some of these features can also be found in national unemployment benefit schemes, while others are more related to the EUBS context. We analyse the design of a common EUBS in previous literature and combine these insights with results for the legal and operational options as well as constraints and the economic value added obtained as part of our study on the 'Feasibility and Added Value of a European Unemployment Benefit Scheme'. All this information is integrated into a summary fiche for each of the 18 EUBS variants studied. In addition, the report deals with a range of policy issues including convergence, minimum requirements and accession criteria." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    Feasibility and added value of a European unemployment benefits scheme (2017)

    Beblavý, Miroslav; Lenaerts, Karolien ;

    Zitatform

    Beblavý, Miroslav & Karolien Lenaerts (2017): Feasibility and added value of a European unemployment benefits scheme. Brüssel, 104 S.

    Abstract

    "This CEPS e-Book presents the final report of a comprehensive project on the Feasibility and Added Value of a European Unemployment Benefits Scheme, initiated by the European Parliament and commissioned by the European Commission, Directorate-General for Employment, Social Affairs and Inclusion. The aim of the study is to assess the legal and operational feasibility of introducing a European unemployment benefits scheme (EUBS), as well as the economic added value that such as scheme could bring. Some 18 different variants of an EUBS are analysed in terms of their design, legal and operational challenges and economic effects. The study presents the most comprehensive work on the subject to date. For each of these 18 variants, the impact on the individual member states, EMU and the EU has been examined. The 18 variants vary across a range of features, such as the replacement rate and caps used, the duration of unemployment benefits and the eligibility conditions that apply. If an EUBS were to be selected as one of the potential stabilisation mechanisms to explore further, this study provides evidence and insights on the barriers ahead and different ways to deal with them.
    Unless otherwise indicated, the views expressed are attributable only to the authors in a personal capacity and not to any institution with which they are associated, nor do they necessarily reflect the views or policy of the European Commission. This report was republished as a CEPS e-Book with the kind permission of the European Commission." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    Feasibility and added value of a European unemployment benefits scheme: Main findings from a comprehensive research project (2017)

    Beblavý, Miroslav; Lenaerts, Karolien ;

    Zitatform

    Beblavý, Miroslav & Karolien Lenaerts (2017): Feasibility and added value of a European unemployment benefits scheme. Main findings from a comprehensive research project. Brüssel, 103 S. DOI:10.2767/86782

    Abstract

    "Synthesis of a research project requested by the European Parliament, commissioned by the European Commission and prepared by a consortium led by the Centre for European Policy Studies.
    The research was conducted by a consortium led by the Centre for European Policy Studies (CEPS). This consortium examined the macroeconomic impact of 18 European Unemployment Benefit Scheme (EUBS) variants and discussed various ways of dealing with such problems as the risk of permanent transfers across Member States, and incentives for Member States to shift costs of unemployment from the national to the European level or to reduce their investment in labour market integration (institutional moral hazard). Legal and operational issues, at the European and national level are also examined." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    Practical pluralism in the empirical study of social investment: Examples from active labour-market policy (2017)

    Burgoon, Brian;

    Zitatform

    Burgoon, Brian (2017): Practical pluralism in the empirical study of social investment. Examples from active labour-market policy. In: A. Hemerijck (Hrsg.) (2017): The uses of social investment, S. 161-173. DOI:10.1093/oso/9780198790488.003.0014

    Abstract

    "This chapter explores the empirical challenges of understanding the socioeconomic implications of social investment welfare reform. Such understanding is crucial to gauging the pay-offs and pitfalls of social investment, but is also extremely difficult, given the complex character of social investment and its multiple and interacting consequences for work and well-being. Such complexity, the chapter contends, yields an unusually strong tension between relevance and rigour that dooms any dialogue among social scientists and practitioners with clashing methodological commitments. The present study argues in favour of a practical pluralism to facilitate such dialogue. This pluralism entails combining and comparing empirical work across the full spectrum of relevance and rigour. The chapter illustrates the problems and pluralist solutions with a combination of macro-country-year and macro-individual-year analysis of how active labour-market policies (ALMP) affect the poverty of vulnerable citizens." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    Unemployment insurance in America: A model for Europe? (2017)

    Lenaerts, Karolien ; Simonetta, Suzanne; Paquier, Félix;

    Zitatform

    Lenaerts, Karolien, Félix Paquier & Suzanne Simonetta (2017): Unemployment insurance in America. A model for Europe? (CEPS policy insights 2017-23), Brüssel, 19 S.

    Abstract

    "After the crisis, the longstanding debate on a European unemployment benefits scheme (EUBS) was revived as part of a much larger debate on the need for a supranational automatic stabilisation function for Europe. The American unemployment insurance (UI) system, given its two-tier structure, has often been regarded as a model for a potential EUBS. Previous research has examined the lessons to be learned from the US UI. This paper builds on this literature but goes one step further as it carefully assesses whether the lessons from the US system could actually be implemented in a European context. Indeed, while there are important parallels between the US and the EU in some areas, significant differences in others may complicate implementation or even render it impossible. In this paper, the aim, therefore, is to identify the aspects of the US system to draw inspiration from - in light of the EU's institutional and political realities - and explain how they inform a potential EUBS. This exercise concentrates on the design and implementation of a potential EUBS. The paper highlights that a two-tier system helps to better attain the goals of unemployment insurance, as demonstrated by the American experience. It also shows the advantages of being pragmatic and taking an incentives-based approach. Other issues, such as solidarity and redistribution, seem more difficult to tackle in Europe than in the American context and would require further examination. Finally, discretionary measures should be considered with caution." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    The 'New Welfare State' under fiscal strain: Austerity gridlocks and the privatization of risk (2017)

    Mertens, Daniel ;

    Zitatform

    Mertens, Daniel (2017): The 'New Welfare State' under fiscal strain. Austerity gridlocks and the privatization of risk. In: A. Hemerijck (Hrsg.) (2017): The uses of social investment, S. 77-86. DOI:10.1093/oso/9780198790488.003.0006

    Abstract

    "This chapter raises concerns regarding the possibility of increasing social investment due to the persistence of austerity regimes in Europe and beyond. On the one hand, austerity policies have put severe constraints on the expansion of social investment, mainly because of the budgetary institutions and politics that have evolved around these spending areas. On the other hand, demand of and supply for credit in order to pursue private alternatives to traditional social policies have increased significantly in the face of persistent fiscal restraint. Against this background, the rise of microfinance in Western countries aiming at job creation, and the growth of student loan schemes fostering human capital investment, have been conducive to the realization of social investment goals, but at the same time have shifted risks to households - a move that is likely to have dramatic consequences on economic and social progress." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    The truncated German social investment turn (2017)

    Seeleib-Kaiser, Martin;

    Zitatform

    Seeleib-Kaiser, Martin (2017): The truncated German social investment turn. In: A. Hemerijck (Hrsg.) (2017): The uses of social investment, S. 227-234. DOI:10.1093/oso/9780198790488.003.0020

    Abstract

    "Traditionally Germany has been categorized as the archetypical conservative welfare state, a categorization not systematically questioned in much of the comparative welfare state regime literature. For many scholars Germany was largely stuck and unable to reform its coordinated market economy and welfare state arrangements at the turn of the twenty-first century, due to a large number of veto points and players and the dominance of two 'welfare state parties'. More recent research has highlighted a widening and deepening of the historically institutionalized social protection dualism, whilst at the same time significant family policy transformations, which can be considered as partially in line with the social investment paradigm, have been emphasized. This chapter sets out to sketch the main policy developments and aims to identify political determinants of social policy change in Germany." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    What the EU can learn from the American experience with unemployment insurance (2017)

    Simonetta, Suzanne;

    Zitatform

    Simonetta, Suzanne (2017): What the EU can learn from the American experience with unemployment insurance. In: Intereconomics, Jg. 52, H. 3, S. 142-148. DOI:10.1007/s10272-017-0663-x

    Abstract

    "From this brief description of the UI program in the US, its strengths and its opportunities for improvement, it should be evident that there is a wealth of knowledge and experience to be drawn upon as Europe considers its own version of a federal-state partnership to address the needs of its unemployed workers and the economic well-being of its member countries. A multi-layered governing system is, by its nature, incredibly complicated, and it is not an easy task to undertake. However, it should be clear that this is an endeavor worth pursuing and that programmatic features can be designed to adequately address the wide array of policy concerns while avoiding unintended negative consequences." (Text excerpt, © Springer-Verlag) ((en))

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  • Literaturhinweis

    A European unemployment benefits scheme: Lessons from Canada (2017)

    Wood, Donna E.;

    Zitatform

    Wood, Donna E. (2017): A European unemployment benefits scheme. Lessons from Canada. (CEPS working document 2017,02), Brüssel, 21 S.

    Abstract

    "In many federal political systems, responsibility for unemployment has a multi-tiered architecture, with competence for key elements - including unemployment insurance, social assistance, and the public employment service - dispersed across different orders of government. This paper tells the story of the long transformation of unemployment insurance into a federal responsibility in Canada, and seeks to identify lessons from Canada's experience that might be useful as Europeans consider the potential of an EU-wide unemployment benefits scheme in response to the financial and euro crisis that started in 2008. Most European scholars look to the United States for transferable ideas. I argue that Canada is a more salient comparator, given that it has similar institutional features to the EU, and has successfully managed a pan-Canadian unemployment insurance benefits scheme for over 75 years. Lessons for the EU from Canada include the place of a centrally managed unemployment insurance programme in a monetary union, and insights with respect to stabilisation, labour mobility, redistribution, social solidarity, legitimacy, and institutional moral hazard." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    Will a European unemployment benefits scheme affect labour mobility? (2016)

    Alcidi, Cinzia; Barslund, Mikkel ; Busse, Matthias; Nicoli, Francesco ;

    Zitatform

    Alcidi, Cinzia, Mikkel Barslund, Matthias Busse & Francesco Nicoli (2016): Will a European unemployment benefits scheme affect labour mobility? (CEPS special report 152), Brüssel, 13 S.

    Abstract

    "Labour mobility in the EU is comparatively low, despite major efforts from the European Institutions to support cross-border mobility. This study evaluates the potential implications of a European Unemployment Benefits Scheme (EUBS) for labour mobility in the EU. We find that the introduction of an EUBS, irrespective of whether it takes the form of a genuine scheme or an equivalent scheme, is unlikely to have a substantial impact on the magnitude of EU mobility. An EUBS might be introduced alongside certain features designed to stimulate labour mobility, such as an extension of exportability of unemployment benefits or closer cooperation with national employment agencies. While both will positively impact mobility, its effect is likely to be marginal in light of the low uptake of exportability and the lagged responsiveness of mobility to shocks. Overall we assert that an EUBS may marginally facilitate labour mobility if the system is geared to advance this objective, but not more." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    A feasible unemployment-based shock absorber for the euro area (2016)

    Brandolini, Andrea; D'Amuri, Francesco; Carta, Francesca;

    Zitatform

    Brandolini, Andrea, Francesca Carta & Francesco D'Amuri (2016): A feasible unemployment-based shock absorber for the euro area. In: Journal of Common Market Studies, Jg. 54, H. 5, S. 1123-1141. DOI:10.1111/jcms.12398

    Abstract

    "Based on theoretical insights, this article identifies the broad characteristics that a shock absorber based on unemployment should have in order to be incentive-compatible and politically feasible. It then empirically derives the combination of activation thresholds, experience rating, eligibility criteria and benefit generosity which define the systems offering the highest stabilization for given levels of redistribution. The analysis suggests that the shock absorber should: (1) give rise to macro cross-national transfers, mimicking those that would be generated by a notional euro-wide unemployment benefit scheme of minimal coverage and generosity, (2) be activated by a trigger and (3) feature partial experience rating. The simulation results, confirmed by robustness checks, show that even systems that do not redistribute resources between countries can have a non-negligible stabilization impact in the medium run. Low benefit take-up rates in southern Europe reduce the stabilization properties and the size of the scheme." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    A basic unemployment insurance scheme for the euro area (2016)

    Dolls, Mathias; Neumann, Dirk; Fuest, Clemens; Peichl, Andreas ;

    Zitatform

    Dolls, Mathias, Clemens Fuest, Dirk Neumann & Andreas Peichl (2016): A basic unemployment insurance scheme for the euro area. In: CESifo DICE report, Jg. 14, H. 1, S. 55-60.

    Abstract

    "Our paper (Dolls et al. 2015b) is the first to provide a comprehensive and systematic analysis of a wide range of design options for an EMU-UI system based on household micro data. Our counterfactual experiment covers the period since the launch of the euro in 1999 until 2013. The analysis includes 18 member states (EA 18) and simulates a sample of repeated cross-sections for each member state combining micro data from the EU Statistics on Income and Living Conditions (EU-SILC) and the EU Labor Force Survey (EU-LFS)." (Text excerpt, IAB-Doku) ((en))

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  • Literaturhinweis

    Toward a mutualization of European unemployment insurance?: on limiting the downsides of a fiscal transfer system for the Eurozone (2016)

    Hebous, Shafik; Weichenrieder, Alfons;

    Zitatform

    Hebous, Shafik & Alfons Weichenrieder (2016): Toward a mutualization of European unemployment insurance? On limiting the downsides of a fiscal transfer system for the Eurozone. In: CESIfo Economic Studies, Jg. 62, H. 2, S. 376-395. DOI:10.1093/cesifo/ifw010

    Abstract

    "There is a large, yet growing debate about the need to complement the European monetary union with a stronger fiscal union. This article reviews the potential trade-offs between effectiveness, moral hazard problems, and permanent redistribution. Addressing the counter-arguments against a tighter fiscal union is essential to overcome the political reluctance in some member states that are concerned about large amounts of redistribution. We discuss clawback mechanisms that have been suggested in the literature as a measure to limit redistribution, but conclude that clawbacks are undesirable, as they would essentially destroy the insurance value of a fiscal union. Instead, we propose that a clearly defined exit option as a guarantee against involuntary redistribution can make entry into a stronger fiscal union less risky and hence more attractive for member states." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    The role of an EMU unemployment insurance scheme on income protection in case of unemployment (2016)

    Jara, H. Xavier ; Tumino, Alberto; Sutherland, Holly;

    Zitatform

    Jara, H. Xavier, Holly Sutherland & Alberto Tumino (2016): The role of an EMU unemployment insurance scheme on income protection in case of unemployment. (EUROMOD working paper 2016,11), Cambridge, 35 S.

    Abstract

    "The aim of this paper is to explore the potential of an EMU unemployment insurance scheme (EMU-UI) to improve the income protection available to individuals and their families in case of unemployment. Our analysis uses an illustrative EMU-UI scheme, which has a common design across member states and can therefore be considered as a benchmark with respect to which gaps in national unemployment insurance schemes are assessed. We make use of EUROMOD, the EU-wide tax-benefit microsimulation model, to simulate entitlement to the national and EMU-UI and calculate their effect on household disposable income for all individuals currently in work and those with the highest unemployment risk, in case they would become unemployed. Our results show that the EMU-UI has the potential to reduce current gaps in coverage where these are sizeable due to stringent eligibility conditions, to increase generosity where current unemployment benefits are low relative to earnings and to extend duration where this is shorter than twelve months. The illustrative EMU-UI would reduce the risk of poverty for the potentially new unemployed and would have a positive effect on household income stabilization. The extent of these effects varies in size across EMU member states for two main reasons: differences in the design of national unemployment insurance schemes and differences in labor force characteristics across member states." (Author's abstract, IAB-Doku) ((en))

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  • Literaturhinweis

    Optimal unemployment insurance and international risk sharing (2016)

    Moyen, Stéphane; Winkler, Fabian ; Stähler, Nikolai;

    Zitatform

    Moyen, Stéphane, Nikolai Stähler & Fabian Winkler (2016): Optimal unemployment insurance and international risk sharing. (Discussion paper / Deutsche Bundesbank 2016,33), Frankfurt am Main, 37 S.

    Abstract

    "We discuss how cross-country unemployment insurance can be used to improve international risk sharing. We use a two-country business cycle model with incomplete financial markets and frictional labor markets where the unemployment insurance scheme operates across both countries. Cross-country insurance through the unemployment insurance system can be achieved without affecting unemployment outcomes. The Ramsey-optimal policy however prescribes a more countercyclical replacement rate when international risk sharing concerns enter the unemployment insurance trade-off. We calibrate our model to Eurozone data and find that optimal stabilizing transfers through the unemployment insurance system are sizable and mainly stabilize consumption in the periphery countries, while optimal replacement rates are countercyclical overall. Moreover, we find that debt-financed national policies are a poor substitute for fiscal transfers." (Author's abstract, IAB-Doku) ((en))

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