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- Publisher
- Springer Journals
- Copyright
- Copyright © 2016 by Andor.
- Subject
- Economics; Labor Economics; Population Economics; European Integration
- eISSN
- 2193-9012
- DOI
- 10.1186/s40174-016-0060-7
- Publisher site
- See Article on Publisher Site
Abstract
The divergences developed within the euro area represent the main threat to the existence of the single currency and to the stability of the EU as a whole. Without proper automatic stabilisers, a monetary union can only deliver suboptimal results and may not even be sustainable. In the recent years, common unemployment insurance has been examined as one of the possible ways to improve the functioning of the Economic and Monetary Union (EMU) through automatic stabilisation. Among various options, a partial pooling of unemployment benefit schemes stands out as the model with continuous impact and direct connection with the citizens, while the political process may favour less permanent features and more conditionality. There is a strong case for connecting the EMU reform with the EU social agenda and appreciating risk-sharing in Europe from a political as well as economic point of view.
Journal
IZA Journal of European Labor Studies – Springer Journals
Published: May 27, 2016