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LESSONS FROM AMERICA
Author(s) -
Bierhanzl Edward
Publication year - 2005
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2005.00562.x
Subject(s) - unemployment , flexibility (engineering) , decentralization , element (criminal law) , labour economics , state (computer science) , key (lock) , economics , business , market economy , political science , economic growth , law , management , computer science , algorithm , computer security
The author points to the contrasting performance of the labour markets of Europe and the United States. He attributes the superior performance of the US to greater labour market flexibility and identifies the areas of unemployment insurance, employment protection and active labour market policies as especially significant. A key element in helping generate better policies is experimentation and decentralisation of decision‐making, something favoured by the distinction between federal and state responsibilities in the US.