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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Luxembourg  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2006 
300 |a 23 pages 
651 4 |a Luxembourg 
653 |a Income 
653 |a Private Pensions 
653 |a Pension spending 
653 |a Labour; income economics 
653 |a Social Security and Public Pensions 
653 |a Nonwage Labor Costs and Benefits 
653 |a Aggregate Factor Income Distribution 
653 |a National accounts 
653 |a Labor 
653 |a Expenditure 
653 |a Labor Force and Employment, Size, and Structure 
653 |a Labor force 
653 |a Labor force participation 
653 |a Labor market 
653 |a Pensions 
653 |a Macroeconomics 
653 |a Public Finance 
653 |a Labor Standards: Labor Force Composition 
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520 |a 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