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A Tale of Two Labor Markets
By Robert Higgs
This article appeared in the Spring 1998 issue of The Independent Review


Abstract

Whereas unemployment in the United States has risen and fallen with the business cycle, in Europe it has crept steadily upward in recent decades. Although the economic reasons for this trend are easily explained by reference to European labor policies, the reasons why such policies have been maintained or even augmented are not so obvious.



Other Independent Review articles by Robert Higgs
    Summer 2014   The Fed’s Immiseration of People Who Live on Interest Earnings
    Spring 2014   The Salmon Trap: An Analogy for People’s Entrapment by the State
    Winter 2014   Worrisome Changes in U.S. Labor Force and Employment since 2007
[View All (46)]


Volume 2 Number 4
Spring 1998

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