EconPapers    
Economics at your fingertips  
 

Observations and Conjectures on the U.S. Employment Miracle

Alan Krueger and Jorn-Steffen Pischke

Working papers from Massachusetts Institute of Technology (MIT), Department of Economics

Abstract: 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. The second goal is to evaluate the labor markets rigidities hypothesis. Although greater wage flexiblity 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 a labor markets 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 t o the labor market.

Keywords: LABOUR; MARKET (search for similar items in EconPapers)
JEL-codes: J20 J21 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (42) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Observations and Conjectures on the U.S. Employment Miracle (1997) Downloads
Working Paper: Observations and Conjectures on the U.S. Employment Miracle (1997) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mit:worpap:97-15

Ordering information: This working paper can be ordered from
MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA

Access Statistics for this paper

More papers in Working papers from Massachusetts Institute of Technology (MIT), Department of Economics MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Linda Woodbury ().

 
Page updated 2020-01-21
Handle: RePEc:mit:worpap:97-15