Economists rarely perform controlled experiments, so how do they find out how markets function? In what ways does empirical economics contribute to our understanding of important and controversial social issues? What has been discovered about the operation of the labor markets in which nearly all of us participate? Labor Markets in Action addresses these questions in lively style. The topics cover issues of deep social concern, encompassing the jobs and wages of college graduates, discrimination and inner-city youth, homelessness, unionism, and the differences between U. S. labor market institutions and those of other developed countries, including Japan.
A thoughtful introduction to each essay reveals the human side of research on these controversial issues. Freeman lays out five guiding principles for empirical social science: to analyze situations in which markets undergo sharp exogenous shocks, creating "natural experiments"; to focus on fundamental first-order economic principles and behavior rather than on abstract fine points; to probe empirical findings with different data sets and alternative specifications; to gather new information from survey research rather than rely on existing data sets; to discuss issues and interpretations with workers, labor leaders, businessmen, and other market participants. With chapters that range from broad overviews of research to essays employing detailed statistical techniques, this book will appeal to economists, students, and policymakers concerned with how labor markets function and how economists go about their business of discovery without laboratory controls.
During the last decade worries about population aging, increases in national expenditures for the elderly, and the trend toward early retirement have aroused new concerns about the future of old-age security. Myles and Quadagno have assembled a collection of original essays that examine how different countries have responded to these issues.
The essays in Part I explore the recent politics of old age in Great Britain, Canada, Poland, Scandinavia, West Germany, France, the Netherlands, Japan, and Australia. They demonstrate that while, during the Reagan and Thatcher era, the United States and Great Britain forged debates about old-age policies around a neo-conservative agenda, other countries facing similar matters followed different paths. In Part II, the authors examine how transformations in labor- market practices are gradually altering the status of older workers and with it our conventional understanding of old age.
The reconstruction of the international division of labor, the shift of employment from goods to services, and the adoption of new, knowledge-intensive technologies are changing the economic and political basis of the organization of old age. As we move toward the next century, these essays provide a starting point for a new generation of studies in the political economy of aging.
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