Thomas Sowell on Unemployment

http://www.futureofcapitalism.com/2010/08/thomas-sowell-on-unemployment

The prolific Thomas Sowell has a new column up on moral hazard and unemployment:

International studies show that people in countries with more generous and long-lasting unemployment compensation spend less time looking for jobs. In the United States, where unemployment compensation is less generous than in Western Europe, unemployed Americans spend more hours looking for work than do unemployed Europeans in countries with more generous unemployment compensation.

by Editor  |  Aug 27, 2010 at 10:29 am receive the latest by email: subscribe to the free futureofcapitalism.com mailing list