CEPS: Stabilising the European Economic and Monetary Union: What to expect from a common unemployment benefits scheme?

10 February 2017

Authors of the report explore the option of a European unemployment benefits scheme (EUBS) as one potential stabilisation mechanism to prevent and mitigate the effects of economic shocks.

The analysis focuses on added value in terms of macroeconomic stabilisation as well as the potential contribution to labour mobility and Europe’s social dimension. The feasibility assessment covers legal and operational options and constraints at the national and EU levels. The report further devotes attention to important challenges such as institutional moral hazard, permanent transfers and EUBS implementation.

Full report

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