Pride comes before a recession
March 24, 2011 / Bruce Stokes
European Voice
Add another casualty to the list of victims of the Great Recession: the U.S. conceit that its labor market is superior to that in Europe. “European labor markets have weathered the effects of the Great Recession noticeably better than that of the United States,” writes economist Jacob Funk Kirkegaard, a research fellow at the Peterson Institute for International Economics in Washington, DC, in a new paper for the German Marshall Fund of the United States. This assessment is shared by Michael Burda, of Humboldt University in Berlin, and Jennifer Hunt, a professor at McGill University in Montreal, in a separate new study for the Brookings Institution in Washington.



