Observations and Conjectures on the U.S. Employment Miracle
Опубликовано на портале: 12-07-2007
NBER Working Paper.
1997.
No. 6146.
This paper has three goals; first, to place U.S. job growth in international perspective
by exploring cross-country differences in employment and population growth. This
section finds that the U.S. has managed to absorb added workers -- especially female
workers -- into employment at a greater rate than most countries. The leading explanation
for this phenomenon is that the U.S. labor market has flexible wages and employment
practices, whereas European labor markets are rigid. The second goal of the paper
is to evaluate the labor market rigidities hypothesis. Although greater wage flexibility
probably contributes to the U.S.'s comparative success in creating jobs for its population,
the slow growth in employment in many European countries appears too uniform across
skill groups to result from relative wage inflexibility alone. Furthermore, a great
deal of labor market adjustment seems to take place at a constant real wage in the
U.S. This leads to the third goal: to speculate on other explanations why the U.S.
has managed to successfully absorb so many new entrants to the labor market. We conjecture
that product market constraints contribute to the slow growth of employment in many
countries.
Ключевые слова
См. также:
International Journal of Manpower.
1997.
Vol. 18.
No. 7.
P. 597-626.
[Статья]
Journal of Applied Economics.
2001.
Vol. 4.
No. 2.
P. 255-278.
[Статья]
[Интернет-ресурс]
[Интернет-ресурс]