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Author: Peter Robinson
Publisher:
ISBN:
Category : Labor
Languages : en
Pages : 18
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Book Description
Author: Peter Robinson
Publisher:
ISBN:
Category : Labor
Languages : en
Pages : 18
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Book Description
Author: John Grieve Smith
Publisher: Institute for Public Policy Research
ISBN: 9781872452487
Category : Business & Economics
Languages : en
Pages : 84
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Book Description
Author: Alan B. Krueger
Publisher: Russell Sage Foundation
ISBN: 1610443411
Category : Business & Economics
Languages : en
Pages : 639
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Book Description
The positive social benefits of low unemployment are many—it helps to reduce poverty and crime and fosters more stable families and communities. Yet conventional wisdom—born of the stagflation of the 1970s—holds that sustained low unemployment rates run the risk of triggering inflation. The last five years of the 1990s—in which unemployment plummeted and inflation remained low—called this conventional wisdom into question. The Roaring Nineties provides a thorough review of the exceptional economic performance of the late 1990s and asks whether it was due to a lucky combination of economic circumstances or whether the new economy has somehow wrought a lasting change in the inflation-safe rate of unemployment. Led by distinguished economists Alan Krueger and Robert Solow, a roster of twenty-six respected economic experts analyzes the micro- and macroeconomic factors that led to the unexpected coupling of low unemployment and low inflation. The more macroeconomically oriented chapters clearly point to a reduction in the inflation-safe rate of unemployment. Laurence Ball and Robert Moffitt see the slow adjustment of workers' wage aspirations in the wake of rising productivity as a key factor in keeping inflation at bay. And Alan Blinder and Janet Yellen credit sound monetary policy by the Federal Reserve Board with making the best of fortunate circumstances, such as lower energy costs, a strong dollar, and a booming stock market. Other chapters in The Roaring Nineties examine how the interaction between macroeconomic and labor market conditions helped sustain high employment growth and low inflation. Giuseppe Bertola, Francine Blau, and Lawrence M. Kahn demonstrate how greater flexibility in the U.S. labor market generated more jobs in this country than in Europe, but at the expense of greater earnings inequality. David Ellwood examines the burgeoning shortage of skilled workers, and suggests policies—such as tax credits for businesses that provide on-the-job-training—to address the problem. And James Hines, Hilary Hoynes, and Alan Krueger elaborate the benefits of sustained low unemployment, including budget surpluses that can finance public infrastructure and social welfare benefits—a perspective often lost in the concern over higher inflation rates. While none of these analyses promise that the good times of the 1990s will last forever, The Roaring Nineties provides a unique analysis of recent economic history, demonstrating how the nation capitalized on a lucky confluence of economic factors, helping to create the longest peacetime boom in American history. Copublished with The Century Foundation
Author: Robbie Gilbert
Publisher: Springer
ISBN: 1349197262
Category : Social Science
Languages : en
Pages : 304
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Book Description
An attempt to analyse employment in Britain in which the author examines developments in the labour market since the war and assesses the contribution of national policy and ideology. Various forecasts of job prospects and analysis of employment and consumption trends are offered.
Author: Matthew Smith
Publisher:
ISBN: 9780868370873
Category : Australia
Languages : en
Pages : 189
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Book Description
Author: Dean Baker
Publisher: Center for Economic & Policy Research
ISBN: 9780615918358
Category : Full employment policies
Languages : en
Pages : 106
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Book Description
While most people intuitively know that low unemployment is important to job seekers, they may not realize that high levels of employment actually would make an enormous difference in the lives of large segments of the workforce who already have jobs. Particularly in an era of historically high wage and income inequality, many in the workforce depend on full employment labor markets, and the bargaining power it provides, to secure a fair share of the economy's growth. For the bottom third or even half of the wage distribution, high levels of employment are a necessary condition for improving wages, higher incomes, and better working conditions. This book is a follow-up to a book written a decade ago by the authors, The Benefits of Full Employment (Economic Policy Institute, 2003). It builds on the evidence presented in that book, showing that real wage growth for workers in the bottom half of the income scale is highly dependent on the overall rate of unemployment. In the late 1990s, when the United States saw its first sustained period of low unemployment in more than a quarter century, workers at the middle and bottom of the wage distribution were able to secure substantial gains in real wages. When unemployment rose in the 2001 recession, and again following the collapse of the housing bubble, most workers no longer had the bargaining power to share in the benefits of growth. The book also documents another critical yet often overlooked side effect of full employment: improved fiscal conditions (without mindless budget policies like the current sequestration). Finally, in this volume, unlike the earlier one, the authors present a broad set of policies designed to boost growth and get the unemployment rate down to a level where far more workers have a fighting chance of getting ahead.
Author: Robert Pollin
Publisher: MIT Press
ISBN: 0262017571
Category : Business & Economics
Languages : en
Pages : 206
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Book Description
Economist Robert Pollin argues that the United States needs to try to implement full employment and how it can help the economy.
Author: John Eatwell
Publisher: M.E. Sharpe
ISBN: 9781563245824
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
Contributors trace the origins of international unemployment to developments in the international trading and financial system since 1973, and suggest solutions and strategies for full employment in the UK, Europe, and the US. They conclude that the history of the international economy lends no support to the present model of a self- adjusting market system. Based on papers presented at the December 1993 New School Conference on Unemployment. Paper edition (unseen), $21.95. Annotation copyright by Book News, Inc., Portland, OR
Author: Peter Robinson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
This book looks at important factors which contribute towards high unemployment in Britain, including macroeconomic policy, pay bargaining, education and training issues, urban and regional problems and racial disadvantage. It looks at the lessons for Britain of the performance of the US, German, Swedish and Japanese economies. The main conclusion of the book is that we need to refocus our attention back to the performance of the economy as a whole as the main driving force behind unemployment and the way that the macroeconomy is constrained by pay bargaining arrangements in different countries. The corollary is not that macroeconomic issues such as training are unimportant, but that they deserve less weight than was fashionable in the 1980s.
Author: Kreisky Commission on Employment Issues in Europe
Publisher: Pergamon
ISBN:
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
Throughout the 1980s Europe has experienced the problem of mass unemployment, with 20 million Europeans - more than 10% of the labour force - out of work. Faced with the prospect of this trend continuing into the 1990s, the Commission on Employment Issues in Europe, under the direction of the former Austrian chancellor, Bruno Kreisky, was set up in 1986 to investigate the problem and offer possible solutions. The result is A Programme for Full Employment in the 1990s , the work of over 80 of Europe's leading public figures. Central to the Commission's report is the premise that unemployment is as much a political as an economic phenomenon: persistently high levels of unemployment may lead to political defeatism and social apathy, but this does not mean that the problem is either inevitable or acceptable. The Commission outlines a Six-Point Plan for co-ordinated European expansion, an aggressive new strategy for economic growth and job creation which aims at qualitative as well as quantitative development. The perceived problems of such rapid economic growth would be offset by channelling resources into a variety of job creation schemes, which would also benefit Europe as a whole, including: new approaches to environmental protection; the development of better transport and telecommunications links; urban renewal and improved housing; the expansion of cultural and education programmes; training and research into the new technologies, and increased levels of aid to developing countries. This radical call for cooperation between European governments to take positive action to tackle the unemployment crisis is a forceful response to one of the major problems facing Europe today.
