Corporate Resource Allocation and Employment Opportunities in the United States
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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).
KeywordsCorporate Governance Income Distribution Real Income Skill Base Corporate Behavior
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