ERIC Number: EJ987536
Record Type: Journal
Publication Date: 2012
The Post-Recession Employment Situation: A Comparative Perspective
Couch, Kenneth A.
Journal of Policy Analysis and Management, v31 n1 p153-154 Win 2012
Slow economic growth since the end of the U.S. recession in June of 2009 has not yet translated into increases in employment large enough to meaningfully reduce the rate of unemployment. Because expansionary macroeconomic policy has been pursued on both the fiscal and monetary fronts, it appears at first glance that the hands of government at this point may be largely tied until growth arrives. The experience of the U.S. has not been unique. The recession has been global. Some countries have clearly performed better than the U.S., while others have suffered more. These differences may arise from policy approaches to dealing with widespread unemployment, structural differences in national economies, and whether specific countries are in a position to stimulate demand with expansionary monetary and fiscal policy. Moreover, the extent of unemployment may be influenced by coordinated national responses across countries. In this Point/Counterpoint, the author has invited four groups to discuss the employment situation in the wake of the Great Recession, focusing on the following questions: (1) What national initiatives have worked and which were less effective in helping stimulate employment? Might more be done?; (2) Should other services or additional support be provided to unemployed workers, their households, and others impacted by the recession?; (3) How do government financial and structural deficits interact with employment policy?; and (4) To what extent did countries coordinate policy responses and learn from best practices? Are there still lessons that might be drawn from different experiences across countries? The four groups of participants in this exchange include (1) Barbara Moench, Sigried Caspar, and Ines Hartwig (European Commission, DG Employment); (2) David Neumark (University of California at Irvine) and Ken Troske (University of Kentucky); (3) Dongchul Cho and Sukha Shin (Korea Development Institute School of Public Policy and Management); and (4) Robert Haveman (University of Wisconsin at Madison), Carolyn Heinrich (University of Texas), and Tim Smeeding (University of Wisconsin at Madison).
Descriptors: Best Practices, Public Policy, Labor Market, Unemployment, Economic Change, Economic Climate, Economic Development, Economic Factors, Economic Impact, Change Strategies, Comparative Education, Economic Opportunities, Employment Opportunities, Policy Analysis
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Adult Education
Authoring Institution: N/A
Identifiers - Location: United States