This volume presents some of the most critical and erudite opinions on the economy today. Bringing together the experience, predictions, and recommendations of distinguished leaders in politics, labor, and business, it provides a comprehensive examination of contrasting views in order to...

Frontmatter -- Contents -- List of Participants -- Preface -- THE SETTING FOR A PRO-GROWTH STRATEGY: AN INTRODUCTION -- 1. RESPONSES TO THE SLOWDOWN IN GROWTH -- 2. REMOVING STRUCTURAL BARRIERS TO GROWTH -- 3. THE ECONOMIC POLICY FAILURE OF THE PAST AND A POLICY AGENDA FOR THE FUTURE -- 4. THE...

In this study based on unpublished wage data collected from a select group of Boston area firms, it was found that the wage structure for unskilled and clerical workers was largely unchanged between 1960 and 1964, but narrowed significantly thereafter. The fact that the Boston unemployment rate...

This paper is concerned with jobs for which nontrivial job-specific skills and task-specific knowledge evolve, in a learning by doing fashion, during the course of a worker's employment. Otherwise qualified but inexperienced workers cannot be regarded as the equivalent of job incumbents under...

The segmented labor market (SLM) approach is typically identified with a group of economists who argue that the neoclassical apparatus provides an inadequate or incomplete description of the labor market and leaves unexplained most of the major labor market policy issues. The SLM literature...

We investigate the impact of union strength on changes in nonunion wages and employment. The prevailing model in this area is the threat model, which predicts that increases in union strength cause increases in nonunion wages and decreases in nonunion employment. In testing the threat model, we...