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The Evolution of the American Labor Market 1948-1980

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  • Richard B. Freeman
Abstract
Since World War II, the labor market in the United States has experienced significant changes in the composition of the work force, the type of work performed, institutional rules of operation and structure of wages, and employment and unemployment. Some of the changes continue historic trends. Others, however, have diverged from developments of earlier decades to create new labor market conditions and problems. In this paper, I identify seven of the most important changes, document their magnitude, and seek to estimate their impact on the economy.

Suggested Citation

  • Richard B. Freeman, 1980. "The Evolution of the American Labor Market 1948-1980," NBER Working Papers 0446, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:0446
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    References listed on IDEAS

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    Cited by:

    1. Ms. Mitali Das & Mr. Papa M N'Diaye, 2013. "Chronicle of a Decline Foretold: Has China Reached the Lewis Turning Point?," IMF Working Papers 2013/026, International Monetary Fund.

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