The Case for Wage Insurance (Bernard and Irene Schwartz Series on American Competitivenes) - Softcover

LaLonde, Robert J

 
9780876094051: The Case for Wage Insurance (Bernard and Irene Schwartz Series on American Competitivenes)

Synopsis

A flexible labor market and an open economy are crucial to economic competitiveness, but can sometimes cause prime-aged and older workers to suffer large, long-term income losses. This report explains why existing government programs, which emphasize retraining and insurance for short-term job loss, don't assuage workers' fears about globalization. It also proposes a shift of resources from existing programs to wage insurance.

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