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Welfare Compensation for Unemployment in the Great Recession

Salgado, Mariña Fernández and Figari, Francesco and Sutherland, Holly and Tumino, Alberto (2014) 'Welfare Compensation for Unemployment in the Great Recession.' Review of Income and Wealth, 60 (S1). S177-S204. ISSN 0034-6586

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This paper analyzes the extent to which tax-benefit systems provide an automatic stabilization of income for those who became unemployed at the onset of the Great Recession. The focus of the analysis is on the compensation for earnings lost due to unemployment which is channeled through the welfare systems to this group of people who are clearly vulnerable to the recession's adverse effects. In order to assess the impact of unemployment on household income, counterfactual scenarios are simulated by using EUROMOD, the EU-wide microsimulation model, integrated with information from the EU-LFS data. This paper provides evidence on the differing degrees of relative and absolute resilience of the household incomes of the new unemployed. These arise from the variations in the protection offered by the national tax-benefit systems and from the personal and household circumstances of those most recently at risk of unemployment in the countries considered. © 2013 International Association for Research in Income and Wealth.

Item Type: Article
Uncontrolled Keywords: C81; H55; I3; European Union; household income; microsimulation; unemployment
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Institute for Social and Economic Research
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 22 Jul 2013 08:18
Last Modified: 18 Aug 2022 12:41

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