Health Professions
3 years ago

Generous unemployment benefits in Europe linked to longer joblessness durations.

The Potential Duration of Unemployment Benefits and the Duration of Unemployment
Lawrence F. Katz, Bruce Meyer

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Western European countries with generous unemployment benefits had longer periods of unemployment in the 1980s compared to the USA. This led to higher and more persistent unemployment rates in Europe. Studies suggest that higher benefits can make people stay unemployed longer. This may have contributed to the high unemployment rates in Europe during that time.