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  1. OECD Economic Surveys: United States
  2. Volume 2002
  3. Issue 018
  4. OECD Economic Surveys: United States 2002
  5. Chapters
  6. Structural Policy Developments
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Volume 2002
Issue 018
OECD Economic Surveys: United States 2002
Chapters
Assessment and Recommendations
Recent Trends and Prospects
Macroeconomic Policy
Health System Reform
Structural Policy Developments
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Structural Policy Developments

Content Provider OECD iLibrary
Organization OECD
Abstract While the longest expansion ever recorded is now history, the improvements in many areas of economic performance that accompanied it remain intact. The tight labour market together with robust gains in productivity led to markedly better work prospects for less-skilled workers and other groups weakly attached to the labour market, most notably single mothers. The strong economy reinforced economic policies to encourage work – such as the Earned Income Tax Credit and fundamental changes in welfare programmes in the mid-1990s – to generate improvements in work participation and income and falling poverty rates. This contrasts with the worsening in wellbeing experienced by disadvantaged groups in the 1980s expansion. Even social conditions often viewed as separate from macroeconomic performance, especially crime, have improved significantly over the past decade, and the buoyant economy and good policy – economic and noneconomic – have played important roles. Even so, there are aspects of the labour market, education and in areas of international contention where improvements should be sought.
Page Count 122
Starting Page 127
Ending Page 188
Language English
Publisher OECD Publishing
Publisher Date 2002-10-16
Access Restriction Open
Subject Keyword Economics
Content Type Text
Resource Type Chapter
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