I'll Bet On It: In the Long-Run, European Unemployment Will Be Higher
By Bryan Caplan
I’m going to offer the following bet to the authors of the CEPR report:
The average European unemployment rate for 2009-2018 (i.e., the next decade) will be at least 1% higher than U.S. unemployment rate. The bet will be resolved when Eurostat releases its final numbers for 2018.
I’m happy to bet each of the three authors $100 at even odds. Will they accept?
P.S. By 1% I of course meant 1 percentage-point.