Freeman, Richard B.
(1995)
Doing it right? The US labour market response to the 1980s/1990s.
CEPDP (231).
London School of Economics and Political Science. Centre for Economic Performance, London, UK.
Abstract
In this paper I examine both the positive and negative aspects of the US labor market response to the economic world of the 1980s/1990s. I review the economic development that created difficulties in the US and other advanced economies post the first oil shock; consider how a decentralised labor market might be expected to respond to them; and summarise the American response. I conclude by assessing the social welfare consequences of the American response relative to that in Europe.
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