Commentary: Reducing Supply-Side Disincentives to Job Creation
نویسنده
چکیده
As I've listened to the presentations and discussion at this conference over the past two days, I have been fascinated by the clear shift in the professional consensus on unemployment that has taken place during the past two decades. Twenty years ago, when I first started writing about how unemployment insurance and other labor market policies increase the rate of unemployment, l these were radical ideas that met with a very hostile reaction. As I listen to Paul Krugman and others at this meeting, I'm having a hard time adjusting to finding my views so much in the mainstream of current thinking about unemployment.
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Commentary: Reducing Supply-Side Disincentives to Job Creation
The focus of this conference on the supply side of the economy is fine, but we can get more mileage out of the discussion if we zoom in on the interaction between the supply side and the demand side. It was not a sudden deterioration in the supply side of the economy, such as a drastic reduction in the flexibility of the labor market, that triggered the rise in unemployment in the Organization ...
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