The Role of Tax-Benefit Systems in Shaping Economic Insecurity in the European Union

Olga Cantó, Carmelo García Pérez () and Marina Romaguera de la Cruz ()
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Carmelo García Pérez: Universidad de Alcalá
Marina Romaguera de la Cruz: UNED and EQUALITAS

Hacienda Pública Española / Review of Public Economics, 2023, vol. 247, issue 4, 7-36

Abstract: This paper aims to understand if differences in European countries’ tax-benefit systems impact on individual levels of economic insecurity beyond their socioeconomic and demographic characteristics, with an additional focus on households with children. We consider 29 European countries and use multilevel modelling techniques to study the simultaneous role of micro and macro determinants on a multidimensional index of economic insecurity. Our results show that larger welfare systems and generous general social risk policies for unemployment, bad health and social exclusion are correlated with lower insecurity levels, also for households with children who may receive other transfers specifically targeted to them.

Keywords: Economic insecurity; Tax-benefit systems; Households with children; Multilevel modelling. (search for similar items in EconPapers)
JEL-codes: D63 I39 (search for similar items in EconPapers)
Date: 2023
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