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Automatic Stabilizers and Economic Crisis : US vs. Europe

Dolls, Mathias - 2010

This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

Persistent link: https://www.econbiz.de/10012462382

Failing the Test? The Flexible U.S. Job Market in the Great Recession

Freeman, Richard B. - 2013

The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a major economic downturn and to restore full employment quickly afterward. In the crisis the American labor market failed to live up to expectations. The level and duration of...

Persistent link: https://www.econbiz.de/10012459074

Worker Needs and Voice in the US and the UK

Bryson, Alex - 2006

Workers have responded differently to declining union density in the US and UK. US workers have unfilled demand for unions whereas many UK workers free-ride at unionized workplaces. To explain this difference, we create a scalar measure of worker needs for representation and relate desire for...

Persistent link: https://www.econbiz.de/10012466359

Factoryless Goods Producers in the US

Bernard, Andrew B. - 2013

This paper documents the extent and characteristics of plants and firms in the US that are outside the manufacturing sector according to official government statistics but nonetheless are heavily involved in activities related to the production of manufactured goods. Using new data on...

Persistent link: https://www.econbiz.de/10012459266

Survival of the Best Fit : Competition from Low Wage Countries and the (Uneven) Growth of US Manufacturing Plants

Bernard, Andrew B. - 2002

competition in their industry. As a result, US manufacturing is reallocated over time towards industries that are more capital and … surviving plants. Within industries, low wage import competition has the strongest effects on the least capital and skill … intensive plants. Surviving plants that switch industries move into more capital and skill intensive sectors when they face low …

Persistent link: https://www.econbiz.de/10012469540