SHARED PERSPECTIVES 2023 follows in the footsteps of the hybrid workshop in 2022, which featured authoritative speakers from the European Commission, European Parliament, IMF, OECD, and from top academic institutions.
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.
