Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: Who loses in the downturn? : economic crisis, …, (pp. 227-255). 2011
This chapter investigates to what extent the tax and transfer systems in Europe protect households at different income levels against losses in current income caused by economic downturns like the present financial crisis. We use a multi-country microsimulation model to analyse how shocks on...