Social Policies in an Age of Austerity
Show Less

Social Policies in an Age of Austerity

A Comparative Analysis of the US and Korea

Edited by John Karl Scholz, Hyungypo Moon and Sang-Hyup Lee

Social Policies in an Age of Austerity is the first major publication on the topic, with a particular interest in the United States and the Republic of Korea. The authors of the ten chapters in this book review recent developments in social policies in OECD countries, with a focus on achieving greater effectiveness in public spending on social programs, under increasingly tight national budgets. The contributions cover social and fiscal policy and issues in labor market policy, in addition to the effectiveness of social insurance, education and antipoverty policy.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 4: Understanding differences in job growth in Europe, Canada and the United States: what went wrong in the United States?

Alan B. Krueger


Alan Krueger attempts to understand what went wrong in the US job market in the 2000s and why job growth slowed down even before the Great Recession that began in 2008. Because Canada is similar to the United States in terms of geography, technology, productivity and exposure to global markets, particular attention is devoted to comparing job growth in Canada with the United States. Krueger cites six possible reasons for weak job growth, provides evidence for two of them (the aging workforce and health insurance as a fixed cost of employment) and conjectures on the others. A rough calculation to decompose the change in the employment-to-population ratio suggests that about a third of the drop can be attributed to the secular trend and about two-thirds can be attributed to the cycle. Assuming that the factors for the secular trend are still present, he turns to possible causes of the downward trend: age, education and gender.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.