The Evolution of the American Labor Market 1948-1980

Richard Freeman

No 446, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Since World War II, the labor market in the United States has experienced significant changes in the composition of the work force, the type of work performed, institutional rules of operation and structure of wages, and employment and unemployment. Some of the changes continue historic trends. Others, however, have diverged from developments of earlier decades to create new labor market conditions and problems. In this paper, I identify seven of the most important changes, document their magnitude, and seek to estimate their impact on the economy.

Date: 1980-02
Note: LS
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Published as Feldstein, Martin (ed.) The American Economy in Transition. Chicago: University of Chicago Press, 1980.
Published as The Evolution of the American Labor Market, 1948-80 , Richard B. Freeman, John T. Dunlop, R. F. Schubert. in The American Economy in Transition , Feldstein. 1980

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