Drowned by Numbers? Designing an EU-wide Unemployment Insurance
Etienne Farvaque () and
Florence Huart ()
CIRANO Working Papers from CIRANO
The severity of the recent crisis has given rise to several proposals for the creation of a European unemployment insurance system. In this paper, we first explore the theoretical backgrounds of a common insurance system. We, then, analyze the main features of an EU-wide unemployment insurance, and explore its financial and political sustainability, under different scenarios, including a “US-equivalent” one. We finally highlight key issues with regard to implementation and potential undesirable effects.
Keywords: intergovernmental transfers; fiscal union; fiscal federalism; European integration; unemployment insurance, (search for similar items in EconPapers)
JEL-codes: F45 F36 H77 H87 E60 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ias, nep-mac and nep-pbe
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Persistent link: http://EconPapers.repec.org/RePEc:cir:cirwor:2016s-33
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