Approaches to the Influence of Uncertainties on Poverty Risk in the European Union

Abstract

In 2010, the European Union has proposed to eradicate poverty at the level of the community space. For this purpose, legislative and economic steps have been taken and the Strategy for social inclusion and equal opportunities has been developed. Faced with multiple economic crises, Europe has experienced significant disparities in the risk of poverty at the level of the Member States. We aim to conduct a study on the influence of uncertainties on the risk of poverty in the European Union. The main objective is to develop an econometric model to study the effect of contagion of uncertainties on the risk of poverty. The methods used are to apply econometric modelling processes on social indicators for the period 2010-2021 at European level. The results of the study will highlight the impact of uncertainty on the risk of poverty and will allow the formulation of public policies to help supranational decision makers to limit this phenomenon at the level of the Eruopen Union.

Keywords

• risk of poverty
• social inclusion
• unemployment
• econometric model
• social insurance