America the depressive

[Forstater, Mathew]

There is also an empirical study (issued as a Levy working paper) by some
combination of David Howell, Baumol, and Ed Wolff that finds recent increased
average length of unemployment in U.S. and roots it in technological change.

-----Original Message-----
From: Doug Henwood [mailto:dhenwood at panix.com]
Sent: Monday, September 25, 2000 2:32 PM
To: lbo-talk at lists.panix.com
Subject: Re: America the depressive

Michael Pollak wrote:


>That's an interesting idea.  It should be testable, though.  How do
>economists measure job churn?  I seem to remember reading in LBO that it's
>noticably higher in the US than in Europe.  But it is higher in the 90s
>than it was in the 80s?