Haan, Wouter J. den; Haefke, Christian; Ramey, Garey - In: Journal of the European Economic Association 3 (2005) 6, pp. 1360-1385
According to Ljungqvist and Sargent (1998), high European unemployment since the 1980s can be explained by a rise in economic turbulence, leading to greater numbers of unemployed workers with obsolete skills. These workers refuse newjobs due to high unemployment benefits. In this paper we...
