Mismatch Explanations of European Unemployment W. Vogel & M. Büttner GmbH The Psalms of David -

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Mismatch Explanations of European Unemployment W. Vogel & M. Büttner GmbH The Psalms of David -The peristence of European unemployment stands in striking contrast to the cyclical pattern of unemployment in the US. Many people attribute the rise in European unemployment to increased imbalances between the pattern of labour demand and supply in other words, to greater mismatch, but existing mismatch indicators do not support this view. However, the obvious inference is not legitimate because the evidence is based on trended data, and thus gives