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- Title
The "Job-Loss" Recovery: Not New, Just Worse.
- Authors
Bivens, L. Josh; Weller, Christian E.
- Abstract
The article discusses corporate profitability, trends in economic growth, and the early 2000s economic recovery in the United States. Instead of reinvesting in plant and equipment, corporations chose a spending policy of dividend pay-outs and share repurchasing, which resulted in a strong stock market recovery and a weak labor market recovery. Topics include the "job loss" recovery, disparity between productivity and compensation, explanations for the divergence in capital and labor, and empirical studies on corporate governance, institutional investment, and economic outcome.
- Subjects
UNITED States; EMPLOYMENT; UNITED States economy, 1981-2001; CORPORATE governance; LABOR productivity; SOCIOECONOMICS; INSTITUTIONAL investments; ECONOMIC trends; BUSINESS cycles; ECONOMICS
- Publication
Journal of Economic Issues (Association for Evolutionary Economics), 2006, Vol 40, Issue 3, p603
- ISSN
0021-3624
- Publication type
Article
- DOI
10.1080/00213624.2006.11506937