Abstract
By many measures of economic performance, in the last half of the 1990s, the American economy looked like a winner. A high-technology revolution was in full swing, inflation was tamed, the stock market was booming, government budgets were under control, and the unemployment rate was the lowest for the nation since the beginning of the 1970s. In the late 1990s, tight labour markets and low inflation resulted in real-wage increases for some of those toward the bottom of the income distribution (Katz and Krueger, 1999).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Atkinson, A., L. Rainwater and T. Smeedling. 1995. Income Distribution in the OECD Countries, Paris: OECD.
Danziger, S. and P. Gottschalk. 1996. America Unequal, Boston, MA: Harvard University Press.
Danziger, S., and D. Reed. 1999. ‘Winners and Losers: the Era of Inequality Continues,’ Brookings Review, 17, 4.
Farber, H. 1997. ‘The Changing Face of Job Loss in the United States,’ Brookings Papers: Microeconomics.
Katz, L., and A. Krueger. 1999. ‘New Trend in Unemployment: the High Pressure US Labor Market in the 1990s,’ Brookings Review, 17, 4.
Lazonick, W., 1998. ‘Japanese Corporate Governance and Strategy: Adapting to Financial Pressures for Change,’ Jerome Levy Economics Institute Policy Brief, No. 48.
Lazonick, W., and M. O’Sullivan. 1997. ‘Investment in Innovation, Corporate Governance, and Corporate Employment,’ Jerome Levy Economics Institute Policy Brief, No. 37.
Olson, E. 1999, ‘Americans Lead the World in Hours Worked,’ New York Times, 7 September.
O’Sullivan, M., 1998. ‘Corporate Governance in Germany: Productive and Financial Challenges,’ Jerome Levy Economics Institute Public Policy Brief, No. 49.
Schultze, C. 1999. ‘Downsized amp; Out?: Job Insecurity and American Workers,’ Brookings Review, 17, 4.
Thygesen, N., Y. Kosai and R. Z. Lawrence. 1996. Globalization and Trilateral Labor Markets: Evidence and Implications, The Trilateral Commission.
US Bureau of the Census. 1999. Current Population Survey, March.
US Bureau of the Census. 1999. Historical Incomes Tables—Households, at http://www.census.gov/hhes/income/histinc.
US Department of Commerce. 1997. Statistical Abstract of the United States. Washington, DC; US Government Printing Office.
US Department of Commerce. 1998. Statistical Abstract of the United States. Washington, DC; US Government Printing Office.
Editor information
Editors and Affiliations
Copyright information
© 2002 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Lazonick, W., O’Sullivan, M. (2002). Corporate Resource Allocation and Employment Opportunities in the United States. In: Lazonick, W., O’Sullivan, M. (eds) Corporate Governance and Sustainable Prosperity. The Jerome Levy Economics Institute Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230523739_1
Download citation
DOI: https://doi.org/10.1057/9780230523739_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-41742-1
Online ISBN: 978-0-230-52373-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)