Full Employment in the 1990s
Author : John Grieve Smith
Publisher : Institute for Public Policy Research
Page : 84 pages
File Size : 39,28 MB
Release : 1992
Category : Business & Economics
ISBN : 9781872452487
Author : John Grieve Smith
Publisher : Institute for Public Policy Research
Page : 84 pages
File Size : 39,28 MB
Release : 1992
Category : Business & Economics
ISBN : 9781872452487
Author : Alan B. Krueger
Publisher : Russell Sage Foundation
Page : 639 pages
File Size : 43,87 MB
Release : 2002-01-17
Category : Business & Economics
ISBN : 1610443411
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 : Peter Robinson
Publisher :
Page : 18 pages
File Size : 31,92 MB
Release : 1990
Category : Labor
ISBN :
Author : Robbie Gilbert
Publisher : Springer
Page : 304 pages
File Size : 16,99 MB
Release : 1989-01-27
Category : Social Science
ISBN : 1349197262
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 :
Page : 189 pages
File Size : 50,53 MB
Release : 1995
Category : Australia
ISBN : 9780868370873
Author : Jeffrey A. Frankel
Publisher : Peterson Institute
Page : 392 pages
File Size : 10,21 MB
Release : 1997
Category : Business & Economics
ISBN : 9780881322026
Covers trends from 1957 to 1995.
Author : John Eatwell
Publisher : M.E. Sharpe
Page : 220 pages
File Size : 38,85 MB
Release : 1996
Category : Business & Economics
ISBN : 9781563245824
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 : Robert Pollin
Publisher : MIT Press
Page : 206 pages
File Size : 23,11 MB
Release : 2012
Category : Business & Economics
ISBN : 0262017571
Economist Robert Pollin argues that the United States needs to try to implement full employment and how it can help the economy.
Author : Organisation for Economic Co-operation and Development
Publisher : Paris, France : Organisation for Economic Co-operation and Development ; [Washington, D.C. : OECD Publications and Information Centre
Page : 140 pages
File Size : 50,90 MB
Release : 1990
Category : Business & Economics
ISBN :
Author : Peter Robinson
Publisher :
Page : 246 pages
File Size : 50,51 MB
Release : 1991
Category : Business & Economics
ISBN :
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.