Saturday, July 30, 2011

The Europeans and American Unemployment Insurance Models

About one third of the unemployed on benefits get jobs once those benefits expire. The longer the benefit term, the longer many unemployed take to start looking.

The difference between the U. S. and Europe has been that the latter has better unemployment benefits. Europe also has chronically higher unemployment.

Europeans also generally earn about as much for not working. No wonder they take to the streets whenever belt-tightening is suggested. ( See the Earl J Weinreb NewsHole® comments.)

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