of stabilisation function benefits vs. burden to introduce Improved transferability of social protection contributions, , taxes or administrative and sharp reduction in upholding aggregate lower wages in the case reforms. coverage differences strongly demand by providing of NSE if employers facilitate labour market counter-cyclical pass on the cost of their transitions and thereby, spending during contributions improve matching of people economic downturns. with jobs. Some risk of some More pronounced removal reduction in of obstacles that may employment through discourage employees from possible adverse effects taking on the risks associated on labour demand and with self-employment, supply improving factor allocation
of stabilisation function of social protection upholding aggregate demand by providing counter-cyclical spending during economic downturns. benefits vs. contributions, , taxes or lower wages in the case of NSE if employers pass on the cost of their contributions Some risk of some reduction in employment through possible adverse effects on labour demand and supply Improved transferability and sharp reduction in coverage differences strongly facilitate labour market transitions and thereby, improve matching of people with jobs. More pronounced removal of obstacles that may discourage employees from taking on the risks associated with self-employment, improving factor allocation burden to introduce administrative reforms.