income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 percent 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 30 per cent in the EU and up to 20 per cent in the US. There is large heterogeneity within the EU. Automatic …

on the income distribution in the EU-27 and examines the potential of tax-benefit systems to counterbalance negative … opposite direction. Changes to projected relative poverty are minimal for most countries. With a few exceptions, EU tax …

government budgets in the EU-27. Our analysis involves the incorporation of population projections, and an explicit modeling of …