During the past two decades, an intriguing contrast arose in unemplyments of the US and European countries. Unemployment raets have hovered around two totally different levels across the Atlantic (Bean 1994). From the viewpoint of applied reserach and policy, such differences among countries are both intellectually challenging and practically important. They challenge us to revisit theoretical premises that we otherwise take for granted.
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Paper provided by California Irvine - School of Social Sciences in its series Papers with number
97-98-24.