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Working Papers

Financing social security – business as usual?

Norman Wagner (Austrian Federal Chamber of Labour, Vienna)

Publication date : 2011

Number of pages : 24

Author(s) :

Norman Wagner (Austrian Federal Chamber of Labour, Vienna)

This working paper assesses the impact on, and challenges to, the ability of welfare systems with different financing mechanisms to cope with the crisis. Additionally, it analyses how the crisis (stimulus measures, austerity packages) contributes to changing the structure of financing systems. It shows that social systems that rely primarily on contribution-based financing are more conducive to the achievement of stable public finances throughout a recession than tax-based systems, insofar as the former focus on keeping employment stable because it is their main source of public revenue.

Collection: 2011.09
ETUI, Brussels, ISSN 1994-4446, ISSN 1994-4454 (pdf)

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