[lbo-talk] European vs. U.S. Unemployment Explained

[Michael McIntyre]

Between-country inequality is 2-3x larger than within-country inequality.
As a result, inequality within the world as a whole is significantly larger
than inequality in even the most unequal countries.  Branko Milanovic in
Worlds Apart shows how this works on a global scale.  Galbraith seems to
show that the same is true of Europe.
MM

On Sun, Jun 7, 2009 at 5:50 PM, Michael Perelman
<michael at ecst.csuchico.edu>wrote:


> He was trying to address the fourth point Jenny Brown made.
>
> On Sun, Jun 07, 2009 at 06:41:09PM -0400, Jenny Brown wrote:
> >
> > And fourth, the unemployment stats for Europe which were evidence for
> > the whole Eurosclerosis thesis ignored the between-country variation and
> > ignored the several countries which had lower unemployment than the U.S.
> > for all or part of the period.  See for example Stephen Nickell's work
> > on this.  Lumping European countries together seems likely to lose us
> > more information than it gains us.  And sticking new EU members like
> > Bulgaria and Romania in there further muddies the water, doesn't it?
> > What am I missing?
> >
> >
> > Jenny Brown
> > __________________________
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael at ecst.csuchico.edu
> michaelperelman.wordpress.com
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