Reforming the Liberal Welfare State: International Shocks, Unemployment and Household Income Shares

We would like to thank Suresh Chand Aggarwal, Deb Kusum Das, Wendy Li and participants at the IARIW 34th General Conference, Dresden, Gaaitzen de Vries, Marcel Timmer and seminar participants at Groningen, Holger Gorg, Fredrik Sjoholm, and John Skatun for useful comments and suggestions. This work was supported by the NORFACE ERA-NET (New Opportunities for Research Funding Agency Co-operation in Europe Network) Welfare State Futures Programme, Grant Number 462-14-120. The usual disclaimer applies.