Saturday, May 30, 2009

Caplan on EU Unemployment

An interesting analysis by Bryan Caplan is linked below. Many of the commentators note that the more lenient EU definition of disability relative to the more stringent US definition may be making the EU figures appear a lot better than they actually are. In general, the issue of defining unemployment as opposed to "not in labour market" needs to be teased through more in this debate. In France, where practically zero per cent of the male population aged 60+ are in the labour market, this issue is particularly important.

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