The role of income support systems as income stabilizers in times of crisis

Bericht

This Policy Brief examines how minimum income support (MIS) schemes contribute to the stabilization of disposable incomes in times of crisis in Europe. MIS systems act as a "safety net of last resort" in many European welfare states, but to varying degrees. The results from the simulation of stylized unemployment shocks hitting labor markets suggest that the tax-transfer system overall contributes to income stabilization in periods of crises. However, the MIS schemes' individual contribution is relatively small, especially as set against the unemployment insurance system.

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• Language: Englisch

References and Relationships

• Bibliographic citation: Series: EconPol Policy Brief ; No. 52

Classification and Topics

• Classification: Wirtschaft
• Subject: Öffentliche Sozialleistungen ; Arbeitslosenversicherung ; Automatischer Stabilisator ; Konjunktur ; Schock ; Simulation ; Vergleich ; Sozialstaat ; Europa

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Dolls, Mathias ; Lay, Max
• Event: Veröffentlichung
• (who): CESifo GmbH
• (where): Munich
• (when): 2023

Further information

• Handle: http://hdl.handle.net/10419/273447