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Luxembourg Selected Issues

This Selected Issues paper on Luxembourg reports that exemplary high growth rates and prudent fiscal policies provided the financial basis for the welfare system. Social expenditures in per capita terms, even adjusted for the large number of cross-border workers, rank highest among European Union co...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Staff Country Reports
Subjects:
Income
Private Pensions
Pension Spending
Labour; Income Economics
Social Security And Public Pensions
Nonwage Labor Costs And Benefits
Aggregate Factor Income Distribution
National Accounts
Labor
Expenditure
Labor Force And Employment, Size, And Structure
Labor Force
Labor Force Participation
Labor Market
Pensions
Macroeconomics
Public Finance
Labor Standards: Labor Force Composition
Luxembourg
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper on Luxembourg reports that exemplary high growth rates and prudent fiscal policies provided the financial basis for the welfare system. Social expenditures in per capita terms, even adjusted for the large number of cross-border workers, rank highest among European Union countries, primarily driven by high replacement rates of public income support, including for unemployment benefits, the minimum guaranteed income, and pensions. Rapid social spending growth has funded substantial increases in unemployment and family benefits
Physical Description:23 pages
ISBN:9781451824377

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