Trio share economics prize

The nobelprize of economics goes this year to three professors who explain why unemployment remains high in the US. Their research is based on the difficulties that employers and workers encounter when searching for each other on the job-market. The work is about friction-unemployment as well as unemployment insurance. The latter deals with generous benefits given to workers, who can then afford to spend more time searching for another job, which is in fact good for the economy because these workers will get more suitable jobs. A third reason of high unemployment in the US could be that people`s skills have degraded so much that it is difficult to find another job ,which was a concern of european governments during the `80 and `90.

http://www.huffingtonpost.com/news/economy