Why has the labor market contracted so much and why does it remain
depressed? Major subsidies and regulations intended to help the poor and
unemployed were changed in more than a dozen ways—and although these
policies were advertised as employment-expanding, the fact is that they
reduced incentives for people to work and for businesses to hire.
-from "A Recovery Stymied by Redistribution"
by Casey B. Mulligan
, of the University of Chicago, in the WSJ.
To the right is the cover of his latest book
on the topic.
On June 25, Casey Mulligan gave the 2014 Hayek Lecture at the Manhattan Institute for Policy Research from which the WSJ article is adapted. That lecture is available for viewing.
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