Is the U.S. Labor Market Really That Exceptional? A Review of Richard Freeman
Nickell, Stephen. 2008. "Is the U.S. Labor Market Really That Exceptional? A Review of Richard Freeman."
Journal of Economic Literature,
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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Nickell, Stephen (Nuffield College, Oxford U)
E24: Employment; Unemployment; Wages; Intergenerational Income Distribution
J20: Demand and Suppply of Labor: General