Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/273447 
Year of Publication: 
2023
Series/Report no.: 
EconPol Policy Brief No. 52
Publisher: 
CESifo GmbH, Munich
Abstract: 
This Policy Brief examines how minimum income support (MIS) schemes contribute to the stabilization of disposable incomes in times of crisis in Europe. MIS systems act as a "safety net of last resort" in many European welfare states, but to varying degrees. The results from the simulation of stylized unemployment shocks hitting labor markets suggest that the tax-transfer system overall contributes to income stabilization in periods of crises. However, the MIS schemes' individual contribution is relatively small, especially as set against the unemployment insurance system.
Document Type: 
Research Report

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