Fighting Unemployment
The Limits of Free Market Orthodoxy
1st Edition
Published on 2. December 2004
369 pages
978-0-19-803708-8 (ISBN)
Description
With much of Europe plagued by high levels of unemployment, it has become widely accepted that the culprit is labor market rigidity and that the prescription can only be labor market deregulation: lower wages, higher earnings inequality, greater decentralization in bargaining, less generous unemployment benefits, more hiring flexibility, and less job security. Fighting Unemployment critically assesses this free market orthodoxy. With cross-country statistical analyses and country case studies, leading economists from seven North American and European countries contend that this conventional wisdom has greatly exaggerated the extent to which the unemployment problem can be blamed on protective labor market institutions and that the case for dismantling the welfare state to fight unemployment rests more on free market ideology than on the empirical evidence. The larger message of this book is that fundamentally different labor market models - ranging from the 'American Model' to the much more regulated and coordinated Scandinavian systems - are compatible with low unemployment.
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12/2004
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Person
David Howell, is Associate Dean and Professor of economics and public policy at the Milano Graduate School of Management and Urban Policy, New School University (New York City). He also teaches in the Economics Department of the Graduate Faculty and is a Research Associate at the University's Center for Economic Policy Analysis (CEPA). His recent published work has addressed wage inequality in the United States, unemployment across OECD countries and the labor market implications of immigration in U.S. cities.
Content
- Intro
- Contents
- Foreword
- Contributors
- 1 Introduction
- 2 Wage Compression and the Unemployment Crisis: Labor Market Institutions, Skills, and Inequality-Unemployment Tradeoffs
- 3 Labor Market Institutions and Unemployment: A Critical Assessment of the Cross-Country Evidence
- 4 Testing the Flexibility Paradigm: Canadian Labor Market Performance in International Context
- 5 Is the OECD Jobs Strategy behind U.S. and British Employment and Unemployment Success in the 1990s?
- 6 Labor Market Success and Labor Market Reform: Lessons from Ireland and New Zealand
- 7 Employment Performance and Labor Market Institutions: The Case of Spain
- 8 Is Labor Market Regulation at the Root of European Unemployment? The Case of Germany and the Netherlands
- 9 Labor Market Policy, Flexibility, and Employment Performance in Denmark and Sweden in the 1990s
- 10 Labor Market Institutions and Unemployment: An Assessment
- Index
- A
- B
- C
- D
- E
- F
- G
- H
- I
- J
- K
- L
- M
- N
- O
- P
- Q
- R
- S
- T
- U
- V
- W
- Y
