Mismatch Explanations of European Unemployment

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The book explores the persistent issue of unemployment in Europe compared to the cyclical trends seen in the US, challenging the notion that increased labor demand and supply imbalances are to blame. By employing a dynamic flow approach to structural unemployment and analyzing disaggregated data, the author reveals insights into "non-spurious" mismatch tendencies, occupational reallocation, and the significance of matching and mobility in relation to wage differentials, offering a fresh perspective on the complexities of European labor markets.