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  • 标题:An Unemployment Insurance Scheme for the Euro Area? A Comparison of Different Alternatives using Micro Data
  • 本地全文:下载
  • 作者:Mathias Dolls
  • 期刊名称:Discussion Paper / Zentrum für Europäische Wirtschaftsforschung (ZEW)
  • 出版年度:2014
  • 出版社:Zentrum für Europäische Wirtschaftsforschung (ZEW)
  • 摘要:We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed and assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the period 2000-13, we highlight and quantify the trade-off between automatic stabilization effects and the degree of cross-country transfers. In the baseline, we focus on a non-contingent scheme covering short-term unemployment and find that it would have absorbed a significant fraction of the unemployment shock in the recent crisis. However, 5 member states of the EA18 would have been either a permanent net contributor or net recipient. Our results suggest that claw-back mechanisms and contingent benefits could limit the degree of cross-country redistribution, but might reduce desired insurance effects. We also discuss moral hazard issues at the level of individuals, the administration and economic policy
  • 关键词:European fiscal integration; unemployment insurance; automatic stabilizers
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