Monday, April 30, 2012

Why The Unemployed Do Not Choose To Be Unemployed

Nancy Folbre does what I did not bother to do when I posted the article by Casey Mulligan who blamed the unemployed for being unemployed.  His argument, which appeals to many better off Americans, is contradicted by most of the available labor market data that is cited in this article.  Casey Mulligan believes that those who can't find jobs are not looking for them because they prefer unemployment benefits to working.  I don't know why he studied economics when he prefers to consult his belief system for his conclusions about economic issues.  Perhaps it is an easy way for him to earn a good living and win praise from those who fund the economics department at the University of Chicago.

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