The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

European Unemployment Insurance

  • Sebastian Dullien
Reference work entry


‘European unemployment insurance’ is one of many proposals that aim to create a counter-cyclical automatic fiscal stabiliser for the euro area. References to such systems were made in the 1970s when the idea of a European monetary union was first developed. During the first decade following the introduction of the euro in 1999, discussions about such transfer systems were all but dead, but it has experienced a revival after the onset of the euro crisis in 2010. This article explains the background and the evolution of the idea.


Automatic stabilisers European Monetary Union Optimum currency area theory Unemployment insurance 

JEL Classifications

E63 F330 F450 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Sebastian Dullien
    • 1
  1. 1.