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Fighting Unemployment : The Limits of Free Market Orthodoxy

Fighting Unemployment : The Limits of Free Market Orthodoxy - 05 edition

ISBN13: 978-0195165845

Cover of Fighting Unemployment : The Limits of Free Market Orthodoxy 05 (ISBN 978-0195165845)
ISBN13: 978-0195165845
ISBN10: 0195165845
Cover type:
Edition/Copyright: 05
Publisher: Oxford University Press
Published: 2005
International: No

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Fighting Unemployment : The Limits of Free Market Orthodoxy - 05 edition

ISBN13: 978-0195165845

David R. Ed. Howell

ISBN13: 978-0195165845
ISBN10: 0195165845
Cover type:
Edition/Copyright: 05
Publisher: Oxford University Press

Published: 2005
International: No
Summary

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.

Table of Contents

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 1990?
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

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