A European Unemployment Benefit Scheme -  - ebook

A European Unemployment Benefit Scheme ebook

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Opis

The recent euro crisis and the dramatic increase of unemployment in some euro countries have triggered a renewed interest in a fiscal capacity for the European Union to stabilize the economy of its member states. One of the proposed instruments is a common European unemployment insurance. In this book Sebastian Dullien from the HTW Berlin provides and evaluates a blueprint for such a scheme. Building on lessons from the unemployment insurance in the United States of America, he outlines how A European Unemployment Benefit Scheme could be constructed to provide significant stabilization to national business cycles, yet without strongly extending social protection in Europe. Macroeconomic stabilization effects and payment flows between countries are simulated and options, potential pitfalls and existing concerns discussed.

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Bertelsmann Stiftung (ed.)

A European Unemployment Benefit Scheme

How to Provide for More Stability in the Euro Zone

Sebastian Dullien

Bibliographic information published by the Deutsche Nationalbibliothek

The Deutsche Nationalbibliothek lists this publication in the

Deutsche Nationalbibliografie; detailed bibliographic data

is available on the Internet at http://dnb.d-nb.de.

© E-Book 2014

© 2014 Verlag Bertelsmann Stiftung, Gütersloh

Responsible: Thomas Fischer

Copy editor: Aimee Male, Berlin

Production editor: Christiane Raffel

Cover design: Elisabeth Menke

Cover illustration: panthermedia.net/Sony Sivanandan

Typesetting and Printing: Hans Kock Buch- und Offsetdruck GmbH, Bielefeld

ISBN 978-3-86793-549-4 (Print)

ISBN 978-3-86793-600-2 (E-Book PDF)

ISBN 978-3-86793-601-9 (E-Book EPUB)

www.bertelsmann-stiftung.org/publications

Content

ForewordAart De Geus

ForewordLászló Andor

1

Introduction

1.1

The new European economic governance structure

1.2

Genesis of the book

1.3

Structure of the book

2

The case for fiscal stabilizers at the E(M)U level

2.1

The old debate on fiscal stabilizers

2.2

Changing views on fiscal stabilization prior to the euro crisis

2.3

Empirical experience with stabilization from the early years of EMU

2.4

Lessons from the euro crisis

3

The U.S. unemployment insurance system

3.1

History

3.2

Finances

3.3

Benefits

3.4

Additional stabilization elements

3.5

Stabilization effects

3.6

Current proposals to enhance stabilization effects

4

Lessons for Europe: A proposal for an E(M)U unemployment insurance system

4.1

Basic structure

4.2

Benefits and revenues

4.3

Deficits and surpluses of unemployment insurance

4.4

Financing volumes and stabilization effects: Basic considerations

4.5

Simulation setup

4.6

Financing volumes: The numbers

4.7

Stabilization effects: The numbers

4.8

Additional options

4.9

European unemployment insurance and structural divergences

4.10

Geographical coverage

5

The E(M)U unemployment insurance system and alternative stabilizers

5.1

Direct budget transfers linked to the output gap

5.2

Direct budget transfers linked to unemployment

5.3

A larger EU budget

5.4

Top up payments for the unemployed

6

Disputed issues and open questions

6.1

Questioning the need for a European system as national systems are already in place

6.2

Fear of imposing uniform standards across Europe

6.3

Fear of improper targeting and neglecting the most vulnerable in the labor market

6.4

Fear of triggering a “race to the bottom”

6.5

Fear of unintended distributional effects

6.6

Danger of financing structural unemployment

6.7

Fear of moral hazard

6.8

Fear of delaying necessary adjustment

6.9

Reliability of estimated payment flows

7

Conclusions and outlook

References

Appendix

Abstract

Foreword

The idea of complementing the European Economic and Monetary Union (EMU) by automatic stabilizers is not new at all. Already in 1977, the European Commission published the so-called “MacDougall Report,” which advocated the introduction of counter-cyclical fiscal stabilizers at the European level in order to tackle regional asymmetric shocks. Sixteen years later, in 1993, Commission experts wrote about the possible creation of a shock-absorption mechanism based on changes in national unemployment rates. This suggestion came already quite close to the idea of introducing a European Unemployment Benefit Scheme, as proposed in this book by Sebastian Dullien.

Since the completion of the EMU in 1999, however, the question of how to improve the capacities of its member states to cope with excessive cyclical fluctuations and country-specific shocks has gained considerable economic and political momentum – due to the profound changes of the macroeconomic policy framework we have gone through since then. In the euro zone, monetary policymaking is centralized and delegated to the European Central Bank (ECB). Due to the introduction of a single monetary policy, the risk of cyclical divergences between euro-zone member states has even grown.

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Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!