Abstract
The European Social Model acknowledges the central role that the labour market plays in the transformation of European society into a society based on sustainable growth, a smart and inclusive society. Lately, unemployment which affects a large part of the European working population has become a main topic in all economic and political programs. In the other hand one in five people in the European Union is at risk of poverty or social exclusion and 40 million people are in a condition of severe deprivation and the recent economic crisis has further aggravated this situation. Thus, in this article we have tried to estimate the effects that the European Social Model has on the EU labour market and living standards. Through a panel date model we tried to illustrate the impact of certain variables representative of the European social economy (tax rate on labour, social benefits, the growth rate of real gross domestic product, employment rate) on unemployment and poverty rate.
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