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a significant number of French youths do indeed stay in school simply because they are so pessimistic about their job prospects
It is also the case in the US that, when there is an economic downturn, young people just go to grad school, and take student loans which accrue no interest while you're a student, you only have to pay once you're employed, and sometimes get bought out by the government (for instance, if you choose to become a high school teacher when there's a shortage, as was the case in California recently).

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Mar 28th, 2006 at 07:52:07 AM EST
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