57 lines
1.9 KiB
YAML
57 lines
1.9 KiB
YAML
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abstract: 'The increase in income inequality and household debt of middle- and
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lower-income households in the USA over several decades led to
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increasingly fragile financial institutions and set the stage for the
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most serious recession in the last 60 years. The proximate cause of the
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economic crisis was the collapse of the housing bubble that caused both
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the recession that began at the end of 2007 and the financial crisis
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that erupted in 2008. The drop in GDP in the USA, while steep, was not
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more severe than in most of the other OECD countries and the
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macroeconomic policy response was better. Yet the increase in the US
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unemployment rate was among the steepest. This article examines this
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failure of US labour market institutions to respond to these policy
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initiatives and the implications of the analysis for economic policy.'
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affiliation: 'Appelbaum, E (Corresponding Author), Ctr Econ \& Policy Res, 1611 Connecticut
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Ave NW,Suite 400, Washington, DC 20009 USA.
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Ctr Econ \& Policy Res, Washington, DC 20009 USA.'
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author: Appelbaum, Eileen
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author-email: appelbaum@cepr.net
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author_list:
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- family: Appelbaum
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given: Eileen
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da: '2023-09-28'
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doi: 10.1177/0950017011419711
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eissn: 1469-8722
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files: []
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issn: 0950-0170
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journal: WORK EMPLOYMENT AND SOCIETY
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keywords: economic policy; inequality; recession; unemployment
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keywords-plus: WAGE INEQUALITY; UNITED-STATES; UNEMPLOYMENT; OECD
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language: English
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month: DEC
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number: '4'
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number-of-cited-references: '55'
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pages: 596-610
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papis_id: 8281616543003609b1acaa459a34c820
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ref: Appelbaum2011macroeconomicpolicy
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times-cited: '11'
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title: Macroeconomic policy, labour market institutions and employment outcomes
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type: Article
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unique-id: WOS:000298655200002
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usage-count-last-180-days: '0'
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usage-count-since-2013: '24'
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volume: '25'
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web-of-science-categories: Economics; Industrial Relations \& Labor; Sociology
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year: '2011'
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