This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance … 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 …

stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …

systems ; Europe ; Great Recession …

stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …

in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …

stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …

in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …

incomes in times of crisis in Europe. MIS systems act as a "safety net of last resort" in many European welfare states, but to …