to examine the earnings growth of college graduates relative to high school graduates during the 1970s depressed market …

The European Union and the United States operate different variants of market capitalism. The EU model uses social … dialogue institutions to help determine economic outcomes, particularly in the labor market, whereas the US relies more on … market forces. The theory of competitive markets provides a powerful framework for analyzing market driven economies and for …

This paper develops the thesis that credit market frictions may be an important contributor to high unemployment in … market imperfections, so unemployment rises and remains high for an extended period. The data show that there has not been … industries is lower than in the U.S.. This suggests that although credit market imperfections are unlikely to have been the major …

This study contrasts the labor market performance of the U.S. and OECD Europe in the 1980s and critically evaluates the … view that the U.S. has generated more jobs because its labor market is more 'flexible'. The study finds that the greater … that the disparate experiences of the U.K., with a relatively decentralized labor market, and Sweden, with a centralized …

; increased the foreign-born proportion of scientists and engineers in US universities and in the US labor market; and led to …