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Great guns, TG! This is a fine contribution to a better historical understanding of unemployment in European countries, and far removed from the usual propaganda narrative.

Could you give a little more explanation of what's meant by the "tax wedge"?

Thanks for this diary.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Nov 23rd, 2005 at 02:51:28 AM EST
The "tax wedge" is the difference between what firms pay to employ workers and what workers actually receive as take-home pay. The "wedge" is created by things like payroll taxes for unemployment insurance, pensions, and other social programs.
by TGeraghty on Wed Nov 23rd, 2005 at 02:59:12 AM EST
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