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Here it is again:
http://utip.gov.utexas.edu/abstract.html#UTIP25
Examining regional data, Galbraith and Garcilazo found a correlation between wage inequality and unemployment. They also point to monetary considerations post-Maastricht as aggravating European unemployment.
Both points seem to me worth considering here.
Thanks for the link, KB.
Targeted measures that provide pre-labor market opportunities for European youth would appear to help on the suppy-side (and may already be doing so). Such opportunities would enable young people to time their entry into paid employment so as to escape being tarred as either relatively unproductive, or as having started working life with a long stretch of unemployment. It may perhaps be noted that the United States does this very effectively, with hight levels of university enrollment, military enlistment — and unfortunately also incarceration — all targeted to keeping youth off the streets. As a result, youth unemployment is not (except for certain relatively small populations) nearly as serious a social problem as it is in Europe.
On that score, France (high student enrolment) would be doing better than the US (yet it has been suggested here that this may just be a way of masking youth unemployment).
OTOH, "pre-labor market opportunities" might be sought in two types of government intervention:
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