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Natural Survival of Work Job Creation and Job Destruction in a Growing Economy

ISBN-10: 0262512467

ISBN-13: 9780262512466

Edition: 2009

Authors: Pierre Cahuc, Andr� Zylberberg, William McCuaig

List price: $24.00
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Every working day in the United States, 90,000 jobs disappearand an equal number are created. This discovery has radically altered the way economists think about how labor markets work. Without this necessary phenomenon of "creative destruction," our economies would experience much lower growth. Unemployment is a natural consequence of a vigorous economyand is in fact indispensable to it. In The Natural Survival of Work, labor economists Pierre Cahuc and Andre Zylberberg consider how to manage the unemployment that results from the desirable churning of the economy, drawing on recent economic research and citing examples from France, the United States, the United Kingdom, and elsewhere. Unemployment in many continental European countries, particularly among youth, has reached high levels in recent years, and Cahuc and Zylberberg criticize labor market policies that are based on politics rather than economics. They discuss the minimum wage in both the United States and France and show that increasing it, under certain circumstances, can increase employment. They find fault with the idea that work sharing is a cure for unemployment. They consider how to design a system of unemployment insurance that does not destroy the incentive to find work, and examine the effect of government regulation of layoffs. Finally, they analyze the true impact of education and training as remedies for unemployment. Economists today know more about how labor markets work. Policies could be more effective, Cahuc and Zylberberg argue, if they were based upon this knowledge. The French edition of The Natural Survival of Workwon the 2004 European Economics Book Award.
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Book details

List price: $24.00
Copyright year: 2009
Publisher: MIT Press
Publication date: 2/13/2009
Binding: Paperback
Pages: 178
Size: 6.00" wide x 9.00" long x 0.50" tall
Weight: 0.550
Language: English

Andre Zylberberg is Research Director at CNRS, Professor of Economics at the Ecole Polytechnique, and Research Fellow at EUREQua-University of Paris 1, Pantheon-Sorbonne.

Ninety Nine Thousand Jobs Destroyed Every Day
Work Cannot Be Parceled Out
Wages Are Not (Always) the Enemy of Employment
Work Must Pay
The Utility of Unemployment
Protecting Employment
Education Is Not a Miracle Cure
Evaluating Public Policies on Employment
Epilogue: Waiting for the Rain
Institutional Acronyms and Websites
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