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  1. The weight of the crisis : Evidence from newborns in Argentina
    Erschienen: 2010
    Verlag:  Deutsches Institut für Wirtschaftsforschung (DIW), Berlin

  2. Social protection as an automatic stabilizer
    Erschienen: 2010
    Verlag:  IZA, Bonn

    This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance against macro level shocks in terms of automatic stabilizers. We find that automatic stabilizers absorb 38% of a proportional income... mehr

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 443 (18)
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    This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance against macro level shocks in terms of automatic stabilizers. We find that automatic stabilizers absorb 38% of a proportional income shock and 47% of an idiosyncratic unemployment shock in Europe, compared to 32% and 34% in the US. There is large heterogeneity within Europe with stabilization being much lower in Eastern and Southern than in Central and Northern Europe. Our results suggest that social transfers, in particular the rather generous systems of unemployment insurance in Europe, play a key role for the stabilization of disposable incomes and explain a large part of the difference in automatic stabilizers between Europe and the US.

     

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    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/91803
    Schriftenreihe: IZA policy paper ; 18
    Schlagworte: Soziale Sicherheit; Öffentliche Sozialleistungen; Automatischer Stabilisator; Wirtschaftskrise; Vergleich; Europa; USA; automatic stabilization; economic crisis; taxes and benefits
    Umfang: Online-Ressource (19 S.), graph. Darst.