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 … 23 to 32 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …

the redistributive effects of different tax benefit instruments in the enlarged EU based on two approaches. Inequality …

The European Employment Strategy has set the goal of raising the retirement age of workers in the EU through a strategy … of "active ageing". Yet despite some progress over the last decade, empirical data show persistent diversity across EU … supranational policy initiatives and national politico-economic factors in shaping the transition from work to retirement in EU …

study the economic effects of introducing two elements of a fiscal union: Firstly, an EU-wide tax and transfer system and … secondly, an EU-wide system of fiscal equalisation. Using the European tax-benefit calculator EUROMOD, we exploit … countries. These effects depend on income levels and the structures of the existing national tax and transfer systems. The EU …

The paper takes a comparative perspective on the labour market impact on G20 and EU countries of the financial and …

In contrast to the recently decreasing unemployment rates in the EU, long-term unemployment remains at alarming levels … the EU. …