This paper provides an analysis of recent reforms of tax-benefit systems and a preliminary assessment of their impact on financial incentives to work and on labour supply. Many Member States have introduced policies to “make work pay” and have targeted low-wage workers with the aim of...

This paper proposes a methodology for benchmarking unemployment benefits systems, with a view to assess reform needs and priorities. The methodology permits to assess different dimensions of unemployment benefit systems and to consider alternative relevant benchmarks. Looking at all relevant...

The aim of this report, which has been prepared by a Task Force of the Monetary Policy Committee of the Eurosystem, is to describe and analyse the main developments in labour supply and its determinants in the euro area, review the links between labour supply and labour market institutions,...

The aim of this report, which has been prepared by a Task Force of the Monetary Policy Committee of the Eurosystem, is to describe and analyse the main developments in labour supply and its determinants in the euro area, review the links between labour supply and labour market institutions,...

The functioning of labor and product markets affects the economic environment in which monetary policy is conducted. For example, structural policy measures which enhance labor supply and employment growth increase the pace at which an economy can grow without higher inflation. A greater...

This report presents the findings of the second post-programme surveillance (PPS) mission of Commission staff, in liaison with ECB staff, to Lisbon between 4 and 12 June 2015. Economic and financial conditions in Portugal have further improved since the conclusion of the first post-programme...

This report presents the findings of the second post-programme surveillance (PPS) mission of Commission staff, in liaison with ECB staff, to Lisbon between 4 and 12 June 2015. Economic and financial conditions in Portugal have further improved since the conclusion of the first post-programme...