Table 6 Benefit replacement ratio

From: Who bears the cost of the business cycle? Labor-market institutions and volatility of the youth unemployment rate

Year	1960	1965	1970	1975	1980	1985	1990	1995	2000	2005
Australia					23.5	23.5	25.5	27	24.7	22
Austria								32.5	32.2	32
Belgium						43.1	41.8	38.7	38.7	41
Canada					18.1	19.3	19.3	19.3	15.3	12
Denmark						53.1	51.7	64.9	56	54
Finland		4.2	6.7	23.9	25.1	34.4	36.4	35.8	34.1	35
France			25.6	26.3	27.7	34.4	37.3	37.4	40.2	39
Germany			29.4	29.1	29.7	28.3	28.2	26.3	28.2	24
Ireland				21.3		28.3	28.2	26.3	32.5	34
Italy			2	1.9	0.8	0.4	2.6	19.3	34.3	33
Japan			12.7	13.4	8.7	10.3	10	10.2	10.7	13
Netherland							54.3	52.3	52.5	35
New Zealand							31.3	27.1	28.5	26
Norway				7.6	24.5	38.8	38.8	38.8	41.7	58
Portugal				5.4	8	21.7	33	35.4	42.9	40
Spain				21.3	24.6	34.4	33.7	39	37.1	35
Sweden		5.2	6.6	22	25.1	27.9	29.2	26.9	24	39
Switzerland								29.5	37.4	33
United Kingdom						20.7	17.7	17.8	16.6	16
US	7.1	9.1	10.3	12.1	13.1	14.7	11.2	11.9	13.5	14

Note: Average number across the first five years of unemployment for three family situations and two money levels (%).
Source:Nickell (2006) and OECD statistics.

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