while considered as extremely large in the public debate in Europe. The main argument is based on a fundamental property of …. Two sets of implications are then derived: on one hand, mobility costs are high in Europe and transitions between steady …-states has especially strong adverse effects. Jobs endogenously last longer in Europe than in the US, but when they are destroyed …

-country differences in partnership formation rates, and the dramatic decrease in partnership formation rates in Southern Europe in … differential impact on partnership formation rates in Northern and Southern Europe due to the different social norms regarding the … partnership formation rates in Southern Europe. …