Luxembourg: Selected Issues

May 8, 2006

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Luxembourg: Selected Issues, (USA: International Monetary Fund, 2006) accessed September 18, 2024

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.

Subject: Expenditure, Income, Labor, Labor force, Labor force participation, National accounts, Pension spending, Pensions

Keywords: CR, Early retirement, Europe, Income, ISCR, Labor force, Labor force participation, Labor force participation, Luxembourg pension fund assets, Luxemburg, Minimum wage, Pension fund, Pension spending, Pension system, Pensions, Retirement age, Unemployment benefit

Publication Details

Pages:

23
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/165
Stock No:

1LUXEA2006002
ISBN:

9781451824377
ISSN:

1934-7685

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