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  2. Early 1990s recession in the United States - Wikipedia

    en.wikipedia.org/wiki/Early_1990s_recession_in...

    July 1990 marked the end of what was at the time the longest peacetime economic expansion in U.S. history. [2] [5] Prior to the onset of the early 1990s recession, the nation enjoyed robust job growth and a declining unemployment rate. The Labor Department estimates that as a result of the recession, the economy shed 1.623 million jobs or 1.3% ...

  3. Labour economics - Wikipedia

    en.wikipedia.org/wiki/Labour_economics

    Labour economics, or labor economics, seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers , usually in exchange for a wage paid by demanding firms.

  4. 1990s United States boom - Wikipedia

    en.wikipedia.org/wiki/1990s_United_States_boom

    The 1990s economic boom in the United States was a major economic expansion that lasted between 1993 and 2001, coinciding with the economic policies of the Clinton administration. It began following the early 1990s recession during the presidency of George H.W. Bush and ended following the infamous dot-com crash in 2000.

  5. Early 1990s recession - Wikipedia

    en.wikipedia.org/wiki/Early_1990s_recession

    In April 1990, economic activity and employment both began substantial declines with the largest drops in real GDP, 1.2%, and employment, 1.1%, occurring in the first quarter of 1991. [8] Both real GDP and employment bounced back in the second quarter of 1991, but then for a full year there was virtually no change in real GDP while employment ...

  6. Implicit contract theory - Wikipedia

    en.wikipedia.org/wiki/Implicit_contract_theory

    Capital market shares some of the "imperfections" of the labor market discussed above: long term relationships between banks and borrowers act like the long term employment relationship between an employer and their workers. Like layoffs in the labor market, there is credit rationing in the financial market. Also, a typical loan contract is ...

  7. Richard B. Freeman - Wikipedia

    en.wikipedia.org/wiki/Richard_B._Freeman

    Richard Barry Freeman (born June 29, 1943) is an economist. The Herbert Ascherman Professor of Economics at Harvard University and Co-Director of the Labor and Worklife Program at Harvard Law School, Freeman is also Senior Research Fellow on Labour Markets at the Centre for Economic Performance, part of the London School of Economics, funded by the Economic and Social Research Council, the UK ...

  8. Unemployment - Wikipedia

    en.wikipedia.org/wiki/Unemployment

    A common theory in modern economics claims that the rise of women participating in the US labor force in the 1950s to the 1990s was caused by the introduction of a new contraceptive technology, birth control pills, as well as the adjustment of age of majority laws. The use of birth control gave women the flexibility of opting to invest and to ...

  9. Insider-outsider theory of employment - Wikipedia

    en.wikipedia.org/wiki/Insider-outsider_theory_of...

    This results in a market failure, meaning that the wage is not being set according to the labor market's needs or preferences. A behavior of the insider-outsider model is illustrated at right, where Nd represents the optimal level of employment of labor firms and Ns represents the quantity of labor time workers desire to supply at a given wage ...