Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.


CourseSmart E-Book for Economics: A PDF-style E-Book (ed. Palgrave Macmillan, 2012) - ISBN: 9781464167614

Paul Krugman Quotes

Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the ...

Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the ...

Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the ...

Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the ...