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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 new jobs due to high unemployment benefits. In this paper we...
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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 new jobs due to high unemployment benefits. In this paper we...
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We examine the causal impact of China's higher education expansion on labor market outcomes for young college graduates … and high school cohorts and applying a difference-in-differences model, we find that the expansion of higher education in … broad economic benefits of higher education. …
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