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A Joint Unemployment Insurance for the European Economic and Monetary Union?

Author

Listed:
  • Eichhorst, Werner

    (IZA)

  • Wozny, Florian

    (German Aerospace Center DLR)

Abstract

More and more policy makers tend to declare that the loss of exchange rate adjustments within the European Economic and Monetary Union (EMU) has to be compensated by an increase in fiscal policy. A joint unemployment insurance is seen as one opportunity. After comparing a basic design with a "kicking-in" style unemployment insurance, we recommend the latter as it captures the main motivation of such a transnational transfer mechanism, combating credit market constraints.

Suggested Citation

  • Eichhorst, Werner & Wozny, Florian, 2014. "A Joint Unemployment Insurance for the European Economic and Monetary Union?," IZA Policy Papers 92, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izapps:pp92
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    File URL: https://docs.iza.org/pp92.pdf
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    Citations

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    Cited by:

    1. Andrea Brandolini & Francesca Carta & Francesco D'Amuri, 2016. "A Feasible Unemployment-Based Shock Absorber for the Euro Area," Journal of Common Market Studies, Wiley Blackwell, vol. 54(5), pages 1123-1141, September.
    2. Christopher J. O’Leary & Burt S. Barnow & Karolien Lenaerts, 2020. "Lessons from the American federal‐state unemployment insurance system for a European unemployment benefits system," International Social Security Review, John Wiley & Sons, vol. 73(1), pages 3-34, January.

    More about this item

    Keywords

    European Economic and Monetary Union; European unemployment insurance; automatic stabilizers;
    All these keywords.

    JEL classification:

    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy

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