Luxembourg : Selected Issues

1LUXEA2006002 Image
Price:  $15.00

Release Date: © May, 2006
ISBN : 978-1-45182-437-7
Stock #: 1LUXEA2006002
English
Stock Status: On back-order

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PaperbackYes
ePubYes
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Description

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.

Taxonomy

Economic policy , Pensions , Social policy




More publications in this series: IMF Staff Country Reports