2023-09-28 14:46:10 +00:00
|
|
|
abstract: 'The increase in income inequality and household debt of middle- and
|
|
|
|
|
|
|
|
|
|
lower-income households in the USA over several decades led to
|
|
|
|
|
|
|
|
|
|
increasingly fragile financial institutions and set the stage for the
|
|
|
|
|
|
|
|
|
|
most serious recession in the last 60 years. The proximate cause of the
|
|
|
|
|
|
|
|
|
|
economic crisis was the collapse of the housing bubble that caused both
|
|
|
|
|
|
|
|
|
|
the recession that began at the end of 2007 and the financial crisis
|
|
|
|
|
|
|
|
|
|
that erupted in 2008. The drop in GDP in the USA, while steep, was not
|
|
|
|
|
|
|
|
|
|
more severe than in most of the other OECD countries and the
|
|
|
|
|
|
|
|
|
|
macroeconomic policy response was better. Yet the increase in the US
|
|
|
|
|
|
|
|
|
|
unemployment rate was among the steepest. This article examines this
|
|
|
|
|
|
|
|
|
|
failure of US labour market institutions to respond to these policy
|
|
|
|
|
|
|
|
|
|
initiatives and the implications of the analysis for economic policy.'
|
|
|
|
|
affiliation: 'Appelbaum, E (Corresponding Author), Ctr Econ \& Policy Res, 1611 Connecticut
|
|
|
|
|
Ave NW,Suite 400, Washington, DC 20009 USA.
|
|
|
|
|
|
|
|
|
|
Ctr Econ \& Policy Res, Washington, DC 20009 USA.'
|
|
|
|
|
author: Appelbaum, Eileen
|
|
|
|
|
author-email: appelbaum@cepr.net
|
|
|
|
|
author_list:
|
|
|
|
|
- family: Appelbaum
|
|
|
|
|
given: Eileen
|
|
|
|
|
da: '2023-09-28'
|
|
|
|
|
doi: 10.1177/0950017011419711
|
|
|
|
|
eissn: 1469-8722
|
|
|
|
|
files: []
|
|
|
|
|
issn: 0950-0170
|
|
|
|
|
journal: WORK EMPLOYMENT AND SOCIETY
|
|
|
|
|
keywords: economic policy; inequality; recession; unemployment
|
|
|
|
|
keywords-plus: WAGE INEQUALITY; UNITED-STATES; UNEMPLOYMENT; OECD
|
|
|
|
|
language: English
|
|
|
|
|
month: DEC
|
|
|
|
|
number: '4'
|
|
|
|
|
number-of-cited-references: '55'
|
|
|
|
|
pages: 596-610
|
|
|
|
|
papis_id: 8281616543003609b1acaa459a34c820
|
|
|
|
|
ref: Appelbaum2011macroeconomicpolicy
|
|
|
|
|
times-cited: '11'
|
|
|
|
|
title: Macroeconomic policy, labour market institutions and employment outcomes
|
2023-10-01 08:15:07 +00:00
|
|
|
type: article
|
2023-09-28 14:46:10 +00:00
|
|
|
unique-id: WOS:000298655200002
|
|
|
|
|
usage-count-last-180-days: '0'
|
|
|
|
|
usage-count-since-2013: '24'
|
|
|
|
|
volume: '25'
|
|
|
|
|
web-of-science-categories: Economics; Industrial Relations \& Labor; Sociology
|
|
|
|
|
year: '2011'
|
