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 …

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

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 …

margins for 17 EU countries and the US. Using the same data, inequality aversion is measured as the degree of redistribution …

government budgets in the EU-27. Our analysis involves the incorporation of population projections, and an explicit modeling of …

effects. We also discuss moral hazard issues at the level of individuals, the administration and economic policy …

on the income distribution in the EU-27 and examines the potential of tax-benefit systems to counterbalance negative … opposite direction. Changes to projected relative poverty are minimal for most countries. With a few exceptions, EU tax …