Employment Income Research Articles

The role of small, medium, and micro enterprises in contributing to the socioeconomic development of South Africa

Since the start of the democratic era in 1994, South Africa has prioritised small, medium, and micro enterprises for economic growth and social development, offering significant opportunities to the unemployed population. However, the extent to which SMMEs contribute to the socio-economic progress of a particular economy is contingent upon various factors, including the specific country or sector in which they operate. In South Africa, the majority of SMMEs operate within the services sector, with 30% in wholesale and retail trade, 23% in community and social services, and 14% in financial services. Grounded on the Resource-Based View theory, this study aims to investigate how SMMEs contribute to the social and economic development of South Africa. Furthermore, their contributions align with four of the Sustainable Development Goals of the United Nations, making this research both relevant and timely. This systematic literature review included nineteen research articles using bibliometric indicators from the Google Scholar database. As a result, the literature review revealed four key SMMEs’ contributions to South African socio-economic development namely employment creation and income generation, economic growth, development and specialisation, contribution to GDP, and poverty alleviation. To further enhance this contribution, it is recommended that governments provide support in the form of training programs, access to finance, and mentorship opportunities to help SMMEs grow and create more job opportunities..

Analisis Kinerja Sistem Presensi Elektronik Dalam Pelaksanaan Kebijakan TPP Dengan Metode IT Balanced Scorecard

The Additional Employee Income (TPP) initiative within the Wakatobi Government has been active since 2020, following the enactment of Wakatobi Regent Regulation Number 5 of 2022. Nonetheless, challenges confront the Electronic Presence System in Wakatobi. Issues encompass delays and inaccuracies in attendance data, system constraints in addressing additional factors impacting employee productivity, and concerns regarding potential manipulation or improprieties. Various studies delve into these matters. Nia Afdila et al.'s work explores the impact of e-attendance and supplementary employee earnings on performance at the North Sumatra Province TPH Service. Alfrian Carmen et al. conduct an IT Balanced Scorecard analysis to gauge IT performance at the Ambon City Dukcapil Service, while Cristian SM investigates electronic attendance's role in establishing single salaries for ASN at the Public Relations, Protocol, and Cooperation Bureau of the Riau Province Regional Secretariat. Assessing the Electronic Presence System's performance in TPP policy implementation through the IT Balanced Scorecard method is crucial for comprehending potential and constraints within the TPP framework. This qualitative research adopts the IT Balanced Scorecard Method, focusing on four primary perspectives: Corporate Contribution, Customer Orientation, Operational Excellence, and Future Orientation. Data acquisition involves interviews, observations, and documentation of relevant personnel. Performance assessments reveal one adequate perspective, two insufficient perspectives, and one deficient perspective, underscoring insufficient attention to Electronic Attendance System performance indicators by BKPSDM Wakatobi.

PERAN USAHA MIKRO KECIL MENENGAH (UMKM) TAHU DAN TEMPE DALAM PENINGKATAN EKONOMI KELUARGA

Qualitative research with the aim of seeing the role of Tofu and Tempe Micro, Small and Medium Enterprises (Mumkm). The results of the research show that the existence of Ibuk Iis tofu and tempe micro, small and medium enterprises (MSMEs) has a very big role for Bangun Seranten Village, especially in increasing employee income in these Micro, Small and Medium Enterprises (UMKM). The results of the interview show that this MSME not only provides permanent employment for the local community, but also provides a stable income for them or even greater than their income before working for this MSME. And also Ibuk Iis's tofu and tempe Micro, Small and Medium Enterprises (MSMEs) also face a number of challenges. One of the main problems is the difficulty of getting quality and affordable raw materials, coupled with tight competition for similar products. Complicated business licensing, complex financial administration, and so on.

Association between preterm birth and economic and educational outcomes in adulthood: A population-based matched cohort study.

Preterm birth (PTB) affects ~10% of births worldwide; however, most literature focused on short-term clinical outcomes, with much less focus on long-term socioeconomic outcomes after PTB. We examined associations between PTB and individuals' income, employment, and educational outcomes during early adulthood. We conducted a population-level matched cohort study including all live births in Canada between 1990 and 1996, followed until 2018. Outcomes included Employment income per year in 2018 CAD and employment between ages 18 and 28 years, postsecondary education enrollment (18-22 years), and maximum educational attainment at age 22-27 years. Mean differences and risk ratios (RR) and differences (RD) were estimated using generalized estimating equation regression models for economic outcomes and multinomial logistic regression models for educational outcomes. Of 2.4 million births, 7% were born preterm (0.3%, 0.6%, 0.8%, and 5.4% born extremely preterm (24-27 weeks), very preterm (28-31 weeks), moderately preterm (32-33 weeks), and late preterm (34-36 weeks) respectively). After matching on baseline characteristics (e.g., sex, province of birth, and parental demographics) and adjusting for age and period effects, preterm-born individuals, on average, had $958 CAD less employment income per year (95% CI: $854-$1062), 6% lower income per year, than term-born individuals, and were 2.13% less likely to be employed (1.98-2.29%). PTB was also negatively associated with university enrollment (RR 0.93 (0.91-0.94) and graduation with a university degree (RR 0.95 (0.94-0.97)). Mean income differences for those born 24-27 weeks were -$5,463 CAD per year (17% lower), and adjusted RR were 0.55 for university enrollment and graduation. In this population-based study, preterm birth was associated with lower economic and educational achievements at least until the late twenties. The associations were stronger with decreasing GA at birth. Policymakers, clinicians, and parents should be aware that the socioeconomic impact of PTB is not limited to the early neonatal period but extends into adulthood.

The Contribution of Quality of Work Life to Employee Job Satisfaction in Travel and Tourism Industry: A Theoretical Construct

Tourism industry is one of the most intensive labor sector in the world which generates employment opportunities and income for the global economy, but the work in tourism industry is characterized by difficulty due to irregular and long working hours and pressure that employees have to work under to satisfy the expectations of various customers. For the purpose of sustainable tourism development, the management of tourism industry has to take care of quality of work life in order to enable employees to meet their important personal needs and to effectively balance their personal and work life. The objective of the current study is to find out whether there is contribution of QWL to employees job satisfaction in tourism industry, to add to literatures of tourism and human resources and to provide some valuable recommendations that can be applicable by tourism service providers to enhance QWL of employees and hence their level of job satisfaction.. After reviewing several literatures the study found that there is a significant relationship between QWL and employee job satisfaction or in other words, QWL contributes significantly to employee job satisfaction in tourism industry. The study highly recommended that the management of tourism industry should promote QWL practices to enhance the level of employee job satisfaction and hence employee productivity in tourism industry from one hand and to enhance customer satisfaction from the other hand and this last plays a crucial role in success of tourist establishments and tourism industry in general.

Correlation between employment status and income level of mothers with exclusive breastfeeding

Introduction: Ideally, breastfeeding should begin within one hour of birth and continue for the first six months of life. The percentage of female workers in Indonesia increases year after year, and the country already has an exclusive breastfeeding policy. However, exclusive breastfeeding coverage remains relatively low. The mother's role in exclusive breastfeeding can be influenced by a number of factors. The study aims to determine the correlation between exclusive breastfeeding with employment status and the income level of mothers in Tambak Wedi Public Health Centre in Surabaya. Methods: Observational analysis with cross-sectional approach. The research population is in the area of Tambak Wedi Public Health Centre Surabaya. It Covers 114 mothers with babies aged 6-12 months old obtain from a non-probability sampling technique. Variables included exclusive breastfeeding status, employment status, and income level. The research instrument was a questionnaire and was analyzed using chi-square with a significant degree of < a 0,05. Results: Of 114 mothers, 84 mothers provide exclusive breastfeeding, and 30 mothers not exclusively breastfeeding their babies. The analysis showed there is a correlation between employment status (p-value= 0,00) and income level (p-value= 0,00) of mothers with exclusive breastfeeding. Conclusion: The mother’s employment status and income level positively affect exclusive breastfeeding practice in Tambak Wedi Public Health Centre Surabaya.

Progressive Personal Income Tax Rate: innovations 2025

The study considers changes made to the Tax Code of the Russian Federation, which significantly change the tax rates on personal income tax. The study examined the specifics of applying progressive tax rates to the income of employees and individuals attracted by medical organizations under civil law contracts — residents of personal income tax. An analysis of innovations in 2025 in this area was carried out — it was noted that there was a significant expansion of the range of tax rates, which led to an increase in the tax burden of highly paid categories of employees. it is emphasized that the maximum tax rate (22%) will not lead to a significant decrease in motivation for the continuation of the activities of individuals with high incomes. Examples of personal income tax calculation are given when applying the taxation scales in force in 2024 and coming into force in 2025.

Analisis Besaran Tambahan Penghasilan Pegawai Bedasarkan Kelas Jabatan bagi PNS/CPNS Pemerintah Provinsi Sumatera Selatan

This research aims to analyze the amount of additional employee income based on position class for civil servants/CPNS in the South Sumatra Provincial Government. The research method used is descriptive qualitative with an inductive approach which focuses on observations or observations first, then continues with drawing conclusions. The results of the analysis show that the policy of providing additional employees in the Sumatra Province does not violate Law Number 1 of 2022, this is because it does not exceed the maximum limit of the provisions stipulated in this regulation, namely 30% of the total APBD expenditure. The percentage of government personnel expenditure is only 20.85%; which means that the policy on the amount of Additional Employee Income (TPP) within the South Sumatra Provincial Government should not interfere with other development budget allocations. However, this research found the fact that the payment of additional income towards the end of the year was delayed, and the productivity of the regional government of South Sumatra Province in regional development decreased, this was closely related to regional budget limitations caused by the regional expenditure ceiling being larger than the regional income ceiling.

Les résultats économiques des réfugiés et réfugiées d’Europe de l’Est admis au Canada entre 1990 et 2007 : une analyse longitudinale par catégorie d’immigration et région d’origine

Canada received more than 6 million immigrants from 1990 to 2007, of whom more than 500,000 were refugees fleeing the conflicts and persecution that plagued the world during that period. However, the labour market outcomes of Eastern European Refugees have not often been examined in detail. Using the Longitudinal Immigration Database (IMDB), this paper analyzes the early years of economic integration of Eastern European refugees admitted as permanent residents to Canada from 1990 to 2007, when they were aged 25 to 54. Particular attention is paid to Eastern European immigrants because Europeans are generally among those who demonstrate better economic outcomes in the country. Thus, this paper focuses on two key labour market indicators: employment rates and income levels. Labour market outcomes are then examined by immigration categories (government-assisted refugees, privately sponsored refugees and asylum seekers), region of birth, and gender. The results show that asylum seekers (both male and female) generally have an initial advantage on both economic indexes under analysis, but, relative to resettled refugees (those who are government or privately sponsored), this advantage fades over time. Additionally, we observe a significant variation in results depending on the region of origin and male refugees have higher economic participation than female refugees.

The roles of employment status and income in the mental health of informal caregivers in Germany

BackgroundInformal caregivers often experience multiple negative consequences as a result of the informal care they provide. Among other factors, employment status, financial resources, and mental health are related to informal caregiving. This analysis examined the association between informal caregivers’ employment status and their mental health, as well as the moderating effect of net household income on this relationship.MethodsThe research question was addressed with data from the German Socio-Economic Panel (SOEP) survey, comprising 3,053 informal caregivers (1,007 male; 2,046 female). Data were obtained through self-reports, and mental health was measured with the Summary Scale Mental Score. Stepwise adjusted multiple linear regression models were used to examine the association between employment status and mental health. The moderating effects were tested with interaction terms. All analyses were also stratified for gender.ResultsInformal caregivers with full-time jobs reported better mental health than unemployed or marginally employed caregivers (β = 0.077, p < 0.001). The significant interaction term for full-time (β=-0.066, p = 0.001) and part-time workers (β=-0.066, p = 0.003) indicated a moderating effect of net household income on the association between employment status and mental health. This finding was especially evident in women.ConclusionsEmployment appears to be a relevant protective factor for informal caregivers’ mental health. However, if informal caregivers are not employed, a low net household income might additionally restrict their mental health. Therefore, welfare policy structures must be created to reduce the negative financial consequences for informal caregivers and enable them to achieve work-life-care balance.

Cost-effectiveness Improves for Operative vs Nonoperative Treatment of Adult Symptomatic Lumbar Scoliosis at Eight-Year Follow-up.

Secondary data analysis of the NIH sponsored study on Adult Symptomatic Lumbar Scoliosis (ASLS). The purpose of this study is to perform a cost-effectiveness analysis comparing operative versus non-operative care for ASLS eight years after enrollment. A prior cost-effectiveness analysis of the current cohort comparing operative to non-operative care at five years after enrollment showed and ICER of $44,033 in the As-Treated analysis and a ICER of $27,480 in the Intent-to-treat analysis. Data was collected every three months for the first two years, then every six months for the remainder of the study. Data included use of non-operative modalities, medications and employment status. Costs for index and revision surgeries and non-operative modalities were determined using Medicare Allowable rates. Medication costs were determined using the RedBook and indirect costs were calculated based on reported employment status and income. Quality Adjusted Life Years (QALY) was determined using the SF6D. There were 101 cases in the Operative (Op) and 103 in the Non-operative (Non-Op) group with complete eight year data. Thirty-eight patients (37%) in the Non-Op group had surgery from 3 to 72 months after enrollment. An As-Treated analysis including only cases who never had surgery (N=65) or cases with complete eight-year post-operative data (N=101) showed that operative treatment was favored with an ICER of $20,569 per QALY gained which is within Willingness-to-Pay (WTP) thresholds. An Intent-to-Treat analysis demonstrated greater QALY gains and lower cost in the Op group (ICER = $-13,911). However, Intent-to-Treat analysis is influenced by Non-Op patients who crossed over to operative treatment at variable times during follow-up. Operative treatment was more cost-effective than non-operative treatment for ASLS at eight-year follow-up. The ICER continued to improve as compared to the five-year values ($20,569 vs. $44,033).

Unemployment and Personal Income Loss After Traumatic Brain Injury

Employment and personal income loss after traumatic brain injury is a major source of postinjury stress and a barrier to societal reintegration. The magnitude of labor market ramifications following traumatic brain injury remains largely unknown. To quantify the 3-year postinjury labor market consequences following traumatic brain injury in Canada. To also estimate the incurred national labor market cost over the study period. This retrospective quasi-experimental, pan-Canadian observational cohort study used linked administrative health and federal taxation data obtained between 2007 and 2017. Mixed-effects difference-in-difference regressions were constructed to estimate the annualized magnitude of the personal income and employment loss during each of the 3 years following injury, respectively, relative to preinjury baseline. Participants included tax-filing adult (19 to 61 years old) traumatic brain injury survivors. Traumatic brain injury. Coprimary outcomes were personal income loss and the proportion of newly unemployed individuals per annum. Secondary objectives were to quantify income and employment loss within mild, moderate, and severe traumatic brain injury subgroups. A total of 18 050 patients with traumatic brain injury between 2007 and 2017 were identified (mean age, 38.0 [SD, 12.4] years; 13 360 male [74.0%]), each of whom was followed up with for 3 consecutive fiscal years. Mean income was CAD $42 600 (US $31 083) in the fiscal year prior to injury and 82% were employed at time of injury. The adjusted mean loss of personal income was CAD $7635 (US $5650) in the first year after injury (Y+1) and CAD $5000 (US $3700) in the third year after injury (Y+3) relative to uninjured controls. In each of the 3 postinjury years, 7.8% individuals were newly unemployed compared with the preinjury baseline. The adjusted average personal income loss for mild, moderate, and severe traumatic brain injury subgroups were CAD $3354 (US $2482), CAD $6750 (US $4995), and CAD $17 375 (US $12 859), respectively, at Y+3; the proportion of unemployed individuals increased by 5.8%, 9.2%, and 20% across the same groups at Y+3 after injury relative to preinjury baseline. The estimated total reduction in personal income aggregated over the 3 postinjury years for the affected participants was CAD $588 million (US $435 million). This work represents national cohort data quantifying the labor market implications of traumatic brain injury. These results may be used to inform economic evaluations and social service resource allocation.

Functional disability and disease activity are affected by social determinants ofhealth in patients with rheumatoid arthritis.

The relationship between social determinants of health (SDH) and disease outcomes in rheumatoid arthritis (RA) is not well documented. Data were extracted from the Ontario Best Practices Research Initiative (OBRI) registry for patients between January 2008 and April 2022. Adjusted mixed models analysis was used to investigate the effect of baseline SDH on disease activity (Clinical Disease Activity Index (CDAI)) and functional disability (Health Assessment Questionnaire-Disability Index (HAQ-DI)) 12months after enrollment. The analyses were completed on multiple imputed data. There were 2651 patients with a mean age of 58.1years (SD 12.9). The majority (77.8%) were female. Greater improvements in physical function were seen in patients who were full-time employed (difference = - 0.20; 95% CI - 0.28, - 0.11), part-time employed (difference = - 0.10; 95% CI - 0.19, - 0.02), or retired (difference = - 0.17; 95% CI - 0.25, - 0.08), compared to unemployed, those with highest income ($75,000 or more) (difference = - 0.23; 95% CI - 0.37, - 0.09). Caucasian was also associated with a positive impact on functional ability (difference = - 0.09; 95% CI - 0.17, - 0.02). In contrast, smokers had smaller improvements in physical function (difference = 0.07; 95% CI 0.002, 0.14). Interestingly, women had greater improvement in CDAI (difference = - 2.40; 95% CI - 3.29, - 1.51), while they reported less improving in their physical function (difference = 0.33; 95% CI 0.27-0.39). Achieving CDAI low disease activity/remission state was also more common in females. Our findings suggest that disease activity and functional disability are affected by different SDH factors. The effects of SDH should be better understood and addressed by rheumatologists to provide equitable healthcare for all patients with RA. Key points • This study explored a comprehensive panel of social determinants of health and their relationship to clinical outcomes. • Previously unreported factors such as employment status and income were found to influence clinical outcomes. • Our findings can help physicians to identify high-risk patients who may benefit from additional attention to their social background.

Pengaruh Tambahan Penghasilan Pegawai dan Gaya Kepemimpinan terhadap Disiplin Kerja Aparat Sipil Negara Bagian Umum Sekretariat Daerah Kota Prabumulih

This study aims to determine the effect of Additional Employee Income and Leadership Style on the Work Discipline of the General State Civil Apparatus of the Prabumulih City Setda. The population is the entire Civil Apparatus of the General State of Setda Kota Prabumulih which amounts to 40 people. Sampling using saturated sampling. The study used primary data obtained through questionnaires. Using multiple linear regression analysis methods and using SPSS release 24 software as an analysis tool. The results showed that Additional Employee Income and Leadership Style had a positive and significant effect on the Work Discipline of the General State Civil Apparatus of the Prabumulih City Setda simultaneously.

Assessing coastal community resilience to climate change in Central Vietnam through the Climate Disaster Resilience Index (CDRI)

Abstract This study investigates the climate resilience of coastal communities in Vietnam's Nghe An province, a region highly exposed due to its extensive coastline and dense population. Employing the Climate Disaster Resilience Index (CDRI), the research assesses the resilience of three districts — Quynh Luu, Dien Chau, and Nghi Loc — to climate-induced disasters. The analysis reveals good to high overall resilience across five dimensions (physical, social, economic, institutional, and natural). Dien Chau boasts the highest score (4.06), followed by Quynh Luu (4.04), and Nghi Loc (4.01). While strong infrastructure and essential services contribute to high physical resilience, social capital development requires further attention. Economic resilience is bolstered by employment rates, but income and asset accumulation need improvement. Effective policies and disaster risk management strategies highlight strong institutional resilience. Natural resource management demonstrates adaptability, but land-use planning warrants enhancement. This study underscores the districts' good preparedness for climate challenges while pinpointing areas for improvement across all CDRI dimensions. By addressing these vulnerabilities, Nghe An's coastal communities can further strengthen their resilience.

Methodological Tools for Assessing Employment and Income of Rural Population under Unpredictable Conditions

Introduction. The modern Russian economy is facing serious problems in the field of labor resources, which leads to high unemployment and low wages. The development of effective solutions requires conducting evidence-based programs, including actions at the enterprise level, the regional labor market and the national level. The options offered to date by various researchers for assessing the employment and income of the rural population are characterized by an aspect and a lack of an integrated approach. Insufficient attention is paid to the integration of estimates, as well as the development of forecast values based on the expected dynamics of stochastic factors. The purpose of the study is to develop a methodology for assessing the employment of the rural population in the production of beekeeping products. Methods. The state and dynamics of the beekeeping industry development was analyzed on the example of the Perm Region. The study of indicators for assessing the employment level of the rural population included the effect of stochastic factors. The uncertainty influence was accounted by the use of correlation and regression analysis and a multidimensional model. The development of a population assessment methodology was based on the method of mathematical modeling. Results. The influence percentage of stochastic factors on changes in the employment level of the economically active population and the complex impact indicator of factors on the of employment level and incomes of the rural population of the Perm Territory were calculated with a forecast for 5 years. Conclusions. The proposed approach will make it possible to more effectively monitor the trends and dynamics of beekeeping development, which will further help to develop effective support measures for this industry.

Public-Private Partnership for Local Economic Development in the Kintampo Municipality of Ghana

Local governments are regarded as the primary stakeholders in Local Economic Development (LED) yet, they do not have adequate resources to execute their mandate (Ghana National Policy on PPP, 2011). Public-Private Partnership (PPP) presents a viable option for the delivery of local infrastructure and services for LED. The general objective of the study was to assess the contributions and opportunities of PPPs for LED in the Kintampo Municipal Assembly. A descriptive and exploratory study design was used for the study. According to the findings, the only documented PPP projects identified were public toilets and an enterprise development initiative with REP-BAC. There was another ‘loose’ arrangement of PPP between the KMA and the garages at the ‘magazine’. The PPP initiatives contributed to employment creation and income for the local people and internally generated funds for the KMA. Some identified projects were worth the consideration for investment under PPP e.g. Construction of a Lorry station under B.O.T/ Concession and the Upgrading of Kintampo Waterfalls under Concession. However, the low capacity of local partners to raise funds for investment, bad previous experiences of the KMA, poor service delivery by partners, and weak formalization processes by partners were challenging to PPPs in the Municipality. Despite the challenges, PPPs hold great potential for LED in the KMA. As such it is recommended that the KMA should increase awareness of the local people on PPP as an alternative strategy for funding projects for LED, create the enabling environment, and engage the necessary contractual instruments that commit both partners in all PPPs while maintaining proper documentation.

CLUSTER ANALYSIS OF REGIONAL WAGE DIFFERENCE IN KAZAKHSTAN AND THE POSSIBILITY OF ITS REDUCTION

The article is devoted to the study of the problem of regional differences in wages, the development of a cluster typology of the regions of Kazakhstan in terms of wages and the justification of the possibilities of reducing its regional differentiation. The article provides an overview of scientists' points of view on the problem of labor income inequality, assesses the level of regional wage differences in Kazakhstan, conducts a cluster analysis and develops a typology of the country's regions according to the level of average nominal wages, gross regional product per capita and the share of gross value added of the quasi-public sector in the gross regional product. A group of regions has been identified that are most in need of regulatory measures to increase wages. The possibilities of reducing large regional wage differences are substantiated, primarily by attracting investments to boost the economy, increase employment and labor incomes, as well as by introducing increasing regional coefficients when setting minimum wage standards in remote areas, regions with difficult natural and climatic conditions. The methods of systematic literary review, logical analysis? analogies and generalizations, economic and statistical, cluster analysis, and typology are used.

A Study on Employees Perception towards NPS &amp; EPF

The study "A Study on Employees' Perception towards NPS &amp; EPF" investigates the views of employees regarding two of India's most prominent pension schemes: the National Pension System (NPS) and Employees' Provident Fund (EPF). The research aims to understand employees' preferences and satisfaction levels with these schemes based on factors such as returns, risk, ease of access, transparency, and tax benefits.NPS, being a market-linked pension scheme, offers higher flexibility and potential for better returns but also carries a higher risk. It is typically favored by employees who seek control over their investments and are comfortable with market fluctuations. In contrast, EPF is a government-backed, more stable scheme, offering lower risk but fixed returns. It is preferred by risk-averse employees who prioritize security over potentially higher gains. Through primary data collected from employees across different sectors, the study highlights key insights into how employees' perceptions differ based on their employment type, income levels, and financial goals. Understanding these perceptions is crucial for policymakers and employers to address gaps in awareness and satisfaction, thereby encouraging more informed decisions for retirement planning and improving participation in both pension schemes. The study contributes to a broader understanding of retirement planning preferences in India

An unemployment re-insurance scheme for the eurozone? Stabilizing and redistributive effects

This paper develops a decomposition framework to study the importance of different stabilization channels of an unemployment re-insurance scheme for the euro area. Running counterfactual simulations based on household micro data for the period 2000–21 and studying the effect of different trigger variables and activation rules, the paper finds that the re-insurance would have cushioned on average 7%–14% (3%–6%) of employment income losses through interregional (intertemporal) smoothing. The simulated re-insurance scheme would have been revenue-neutral at EA-19, but not at the member-state level. Average annual inpayments and payouts would have been below 0.1 per cent of GDP. A back-of-the-envelope calculation shows that the re-insurance could offset up to 18% of future output shocks. These results suggest that a re-insurance would significantly strengthen public risk sharing in the euro area.