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Designing a European Unemployment Insurance Scheme

With disparities in national unemployment rates reaching record levels, the debate on fiscal stabilisers in Europe has gained new momentum. Can a European unemployment insurance scheme help to absorb asymmetric shocks and bring about the desired level of macroeconomic stabilisation? What should such an unemployment benefit system look like? The contributions to this Forum explore the benefits expected from a European unemployment insurance scheme and discuss the difficulties in establishing such a policy.

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Figure of the Month

Social situation in Latvia’s regions: those at risk of poverty

This figure from the article How Great Is Latvia’s Success Story? by Aldis Austers shows that widespread poverty is a notable features of the Latvian economy. The share of population at risk of poverty is 21.3 per cent on average; however, in regions outside the capital this figure fluctuates between 30 and 40 per cent. Click on the figure for further information.

Editorial

European Investment Crisis

Investment expenditure collapsed in Europe in the aftermath of the global financial crisis. By 2013, total investment across the EU had fallen about 20 per cent from its peak in 2008. During the crisis, the decline of investment in Europe has been double that in the US and Japan. By the beginning of 2014, investment started to recover in Europe but is still growing at a slower pace than nominal GDP.

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Editor's Choice

Labour Mobility in the EU

The continued economic crisis has become a major test for the labour markets of individual member states. Labour mobility within the European Union has the potential to help to reduce labour market pressures and ease economic imbalances. However, a long-term loss of working age population can be detrimental to sending countries. This Forum explores mobility patterns within the European Union and analyses the labour market and welfare effects of labour mobility.

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Quote of the Month

European Central Bank

"European monetary policy is already being made in an environment of near zero interest rates where, hoopla about negative deposit rates notwithstanding, further changes in interest rates are little more than symbolic. Thus, if policy is going to make a difference, policy will have to be unconventional."

- from Barry Eichengreen's Letter from America The ECB Tries Again

Forum

Youth Unemployment

Youth unemployment has been on the rise since the beginning of the crisis in 2008. Even more troublesome is the dramatic rise in the number of youth not in employment, education or training, which has led to widespread concerns about the impact on social cohesion and fears of a "lost generation". This Forum explores youth unemployment in the EU via case studies of England, Belgium, Spain, Poland and Ireland. It also examines Germany's dual vocational training system as one potential solution.

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Volume 49 · 2014 · issue 4

Current Issue

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Most popular articles

  1. The Common Agricultural Policy After 2013

    Davide Viaggi, Jean-Christophe Bureau, Stefan Tangermann, Alan Matthews, Christophe Crombez, Louise Knops, Johan Swinnen

  2. The Optimum Currency Area Theory and the EMU

    Jennifer Jager, Kurt A. Hafner

  3. The European Single Market – How Far from Completion?

    J. Pelkmans, M. Goyens, H.-P. Burghof, S. Leibfried

  4. Austerity Measures in Crisis Countries – Results and Impact on Mid-term Development

    Vassilis Monastiriotis, Niamh Hardiman, Aidan Regan, Chiara Goretti, Lucio Landi, J. Ignacio Conde-Ruiz, Carmen Marín, Ricardo Cabral

  5. Europe 2020 – A Promising Strategy?

    A. Bongardt, F. Torres, P. Pochet, I. Begg, L. Csaba, K. Lannoo, L. Soete, C. Egenhofer



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