Is the U.S. Labor Market the Model for Advanced Countries?

Richard Freeman

Canadian Public Policy, 2000, vol. 26, issue s1, 187-200

Abstract: The 1990s economic performance suggests that the US may have the right mix of institutions and policies to be the peak capitalist economy in the new information economy. This paper develops criteria for judging peak status. It finds that the US is a legitimate candidate for peak in terms of employment and productivity but not distribution. The 1990s full employment strengthens the case for the US as peak economy even on distributional grounds. But with anything less than full employment the US economy will lose its luster. Still, the US record in employing women and extending ownership to many workers deserves attention

Date: 2000
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