The High-pressure U.S. Labor Market of the 1990s

摘要: This paper examines the impact of selected labor market changes on decline in unemployment rate 1990s. The first section provides an overview aggregate trends, inflation, and price wage Phillips curves. second effect demographic rate. third 150 percent increase number men jail or prison since 1985 fourth evolving intermediaries (namely worker profiling by Unemployment Insurance system growth temporary help industry) fifth explores whether bargaining power has become weaker, allowing for low only modest pressure, because job anxiety, union membership, increased competitive pressures. final tightest a generation poverty. Our main findings are that age structure force, male population, and, more speculatively, rise sector, forces behind late 1990s.(This abstract was borrowed from another version this item.)