Studies and researches
1/2024
The Effects of Immigration and Unemployment on European Countries: A Comparative Social and Fiscal Perspective
Many EU countries have disparities in fiscal taxes and
social security contributions, which result in uneven ways for the governments
to deploy their financial help. With this assistance, the member states will be
able to overcome the pandemic's blockade, which has severely affected every
nation. As the unemployment rate hit an all-time high, the states had to modify
their policies to prevent poverty from spreading. While the legal aspect is getting
better every day, not much research has been done from an economic perspective
up until this point. Thus, this paper aims to compare the current legal
framework with the economic initiatives that have been implemented thus far,
while also analyzing the tangential point of immigration, which is a crucial
consideration. Experts in every profession ultimately aim for fiscal
harmonization, thus the parallels between the legal and economic measures are at
core of this paper. The statistical correlation between the immigration
rate and the unemployment rate demonstrates how closely related those two
variables are to one another and how changing one will affect the other. As
previously indicated, certain EU nations are not in a regular relationship
because of their high rates of immigration and unemployment. In certain
analyses, Romania serves as our starting point since, by examining Romania's
relations with a specified group of EU nations, we may determine which of our
population has opted to immigrate or make social contributions in. To sum up,
this paper offers significant recommendations in the areas of economics and
fiscal policy so that we can modify relevant policies to assist the
underprivileged and shed light on legislative provisions so that the upcoming
recession doesn't impact anyone.
unemployment rate, immigrants, fiscal tax, social contributions
O15
O15