15/09/2014
Benefits and drawbacks of European Unemployment Insurance
Bruegel Policy Brief Issue 2014/06, September 2014
Unemployment in Europe has increased to high levels and economic growth has remained subdued. A debate on additional policy instruments to address the situation is therefore warranted. Fiscal stabilisation mechanisms have not provided adequate fiscal stabilisation during the crisis in some countries nor in the euro area as a whole. Different preferences and historical developments mean that national labour markets are differently organised, which sometimes hinders the efficient working of the monetary union. European Unemployment Insurance (EUI) has been proposed as a measure to contribute to fiscal policy management and improve labour markets
author(s): Bruegel - G. Claeys, Z. Darvas. G. B. Wolff
keyword(s):
Economic and Monetary Union
,
economic recession
,
employment policy
,
employment aid
,
unemployment
,
fight against unemployment
,
insurance
,
welfare
,
social policy
,
employment policy
,
economic analysis