Some Aspects of Labour Markets in Britain and the United States

Anonymous

National Institute Economic Review, 1984, vol. 110, 51-61

Abstract: The rapid fall in unemployment in the United States since 1982 has been in sharp contrast to constant or rising rates of unemployment in Britain and other European countries. Is this contrast attributable to a greater ‘flexibility’ of labour markets in America? Are there important differences in the structure of employment or unemployment? Does the greater scope in the United States for regional variation in wages and employment opportunities help adjustment? The debate over these questions may continue for some time. In this note we look at some of the evidence and sketch in the historical background.

Date: 1984
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