The Swedish WireSTOCKHOLM, November 9, 2010 (AFP) - Unemployment benefits should be limited to a maximum of one year to ward off long-term joblessness, Nobel Economics laureate Christopher Pissarides said Tuesday, calling on states to instead subsidise "real jobs" to increase employment.
"I would strongly advise the governments not to allow long-term unemployment to build up by providing direct subsidised work experiences to unemployed after nine to twelve months of unemployment," the British-Cypriot economist told AFP on the sidelines of a conference in Stockholm.
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