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Journal of Economic Literature: Vol. 46 No. 2 (June 2008)

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Is the U.S. Labor Market Really That Exceptional? A Review of Richard Freeman

Article Citation

Nickell, Stephen. 2008. "Is the U.S. Labor Market Really That Exceptional? A Review of Richard Freeman." Journal of Economic Literature, 46(2): 384-95.

DOI: 10.1257/jel.46.2.384

Abstract

America Works is a splendid book and Richard Freeman is to be congratulated on producing a work that sets out what is right and what is wrong with the U.S. labor market while being a joy to read. While I am generally sympathetic to both the analysis and the conclusions, there are a number of points of disagreement that I highlight in this review. In particular, I would add to his policy recommendations by taking a gamble and enacting a law that entitled all employees in the United States to four weeks paid holiday per year in addition to public holidays. This may transform summertime in the United States.

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Authors

Nickell, Stephen (Nuffield College, Oxford U)

JEL Classifications

E24: Employment; Unemployment; Wages; Intergenerational Income Distribution
J20: Demand and Suppply of Labor: General


Journal of Economic Literature


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