Table :

TABLE 11.2 Unemployment Benefit Replacement Rates in Europe vs. the United States, 1994

	First Year	Second and Third Year	Fourth and Fifth Year
France	80%	62%	60%
Germany	74%	72%	72%
Spain	70%	55%	39%
United States	38%	14%	14%
*Note: The data cover a worker with a dependent spouse and are net rates after taking into account taxes and other benefits.* Source: Ljungqvist L. and T. Sargent. 1998. The European unemployment dilemma. Journal of Political Economy 106(3): 514-550. Martin, John P. 1996. Measures of replacement rates for the purpose of international comparisons: A note. OECD Economic Studies (26): 99-115.