Towards shared unemployment insurance in the euro area

Laszlo Andor

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: The divergences developed within the euro area represent the main threat to the existence of the single currency and to the stability of the EU as a whole. Without proper automatic stabilisers, a monetary union can only deliver suboptimal results and may not even be sustainable. In the recent years, common unemployment insurance has been examined as one of the possible ways to improve the functioning of the Economic and Monetary Union (EMU) through automatic stabilisation. Among various options, a partial pooling of unemployment benefit schemes stands out as the model with continuous impact and direct connection with the citizens, while the political process may favour less permanent features and more conditionality. There is a strong case for connecting the EMU reform with the EU social agenda and appreciating risk-sharing in Europe from a political as well as economic point of view. Jel codes: E24, E63, F45, H12, H53, J65

Date: 2016-12
Note: SCOPUS: ar.j
References: Add references at CitEc
Citations:

Published in: IZA Journal of European Labor Studies (2016) v.5 n° 1

Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/236664/3/doi_220291.pdf Full text for the whole work, or for a work part (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ulb:ulbeco:2013/236664

Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/236664

Access Statistics for this paper

More papers in ULB Institutional Repository from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().