affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary …

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …

characteristics in 26 European countries (using EU-SILC data) and the US (using CPS data) and find a robust tendency in all countries …

approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit …

While economists were pointing out the advantages of the EU enlargement, politicians and policymakers were raising … grave concerns about the significant political and economic differences between the newcomer states (EU12) and the "old … Europe" of EU15. The major point of apprehension was related to the labor markets. Visceral fear rendered more than one in …