The aim of this report is to assess the added value of a European Unemployment Benefit Scheme (EUBS) under hypothetical macro-economic shocks. Four hypothetical macro-scenarios are simulated: (A) a global trade shock, representing a symmetric temporary shock; (B) an EU confidence shock,...

This document presents the 8 summary 'fiches' or factsheets prepared in light of Task 1A. For each of the countries examined, a fiche is presented. The order of the fiches is as follows: - Australia - Austria - Belgium - Canada - Denmark - Germany - Switzerland - US For each fiche, the same...

This report constitutes the synthesis report of a comprehensive study on the "Feasibility and Added Value of a European Unemployment Benefits Scheme". The aim of the study is to assess the legal and operational feasibility of introducing a European unemployment benefits scheme (EUBS), as well as...

This report was drafted in the framework of a study commissioned by the European Commission to assess the feasibility and the value added of introducing a European Unemployment Benefit Scheme (EUBS). This would be a specific form of a supranational automatic stabiliser which, with its focus on...

Most EU Member States are equipped with a set of powerful instruments to mitigate the effect of economic shocks on employment and income. With the inception of the Economic and Monetary Union (EMU), countries have lost control over their monetary policy, which instead is now managed centrally at...

This report constitutes deliverable 6 of the study entitled "Feasibility and Added Value of a European Unemployment Benefits Scheme" commissioned by DG EMPL and carried out by a Consortium led by CEPS. The objective of this deliverable is to examine different possible options for the scope and...

Based on a combination of quantitative analysis and a qualitative forward-looking approach, this paper assesses both the state of play and the future capacity of the EMU to respond and adapt to asymmetric shocks. The objective is to provide a basis upon which to gauge the potential value added...

A growing debate exists among policy-makers and researchers on the need to create an automatic stabiliser in the Euro Area. The idea is mentioned in the Five Presidents' Report (2015) as well, where it can be read: .."national fiscal stabilisers might not be enough to absorb the shock and...

The European legal dimension of an establishment of a European Unemployment Benefit Scheme is only little discussed. Namely the European Commission stated in its communication on 'Strengthening the Social Dimension of the Economic and Monetary Union' in the chapter on EUBS: 'Such measures would...

In this paper, we study eight countries in which the regulation of unemployment benefits and related benefits (notably social assistance for able-bodied adults) and the concomitant activation of unemployed individuals has a multi-tiered architecture. We assess their experiences and try to...