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income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 31 per cent in the EU and up to 28 per cent in the US. There is large heterogeneity within the EU. Automatic …
Persistent link: https://www.econbiz.de/10003989856
The 2008-09 crisis has shown that some euro area member countries were unable to sufficiently stabilize their economies which has given rise to a debate about deeper fiscal integration in Europe. In this paper, we analyze the redistributive and stabilizing effects of two scenarios of fiscal...
Persistent link: https://www.econbiz.de/10010234019
study the economic effects of introducing two elements of a fiscal union: Firstly, an EU-wide tax and transfer system and … secondly, an EU-wide system of fiscal equalisation. Using the European tax-benefit calculator EUROMOD, we exploit … countries. These effects depend on income levels and the structures of the existing national tax and transfer systems. The EU …
Persistent link: https://www.econbiz.de/10009564390
approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit …
Persistent link: https://www.econbiz.de/10009236087
We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We 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...
Persistent link: https://www.econbiz.de/10011449042
opportunity in income, education, and health for 29 European countries in 2019. Our results show that inequalities of opportunity … in education and health are lower than in income. Furthermore, inequality of opportunity measures for these outcome … Northern Europe and Southern Europe is much reduced when jointly considering income, education, and health. …
Persistent link: https://www.econbiz.de/10012805839
affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary …
Persistent link: https://www.econbiz.de/10012438995
Persistent link: https://www.econbiz.de/10011928247
analyze the performance of the 28 EU countries on redistribution across i) age groups; ii) occupational groups; and iii …
Persistent link: https://www.econbiz.de/10011958521
In this paper, we present the first dynamic scoring exercise linking a multi‐country microsimulation and DSGE models for all countries of the European Union. We illustrate our novel methodology analysing a hypothetical tax reform for Belgium. We then evaluate real tax reforms in Italy and...
Persistent link: https://www.econbiz.de/10011751667