Luxembourg: Selected Issues

May 8, 2006

Preview Citation

Format: Chicago

Luxembourg: Selected Issues, (USA: International Monetary Fund, 2006) accessed November 23, 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:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2006/165
Stock No:

1LUXEA2006002
ISBN:

9781451824377
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports