ABS201Y1 Lecture 2: Lecture 3 notes
Document Summary
Re: comparison of labour market policies in the usa and sweden. The purpose of this memo is to compare and contrast labour market policies in the usa and sweden. The memo shows that wage inequality has increased multifold in the usa from the. In the usa, the jump has risen the most for earners in the 90th percentile, where in the 1970s, earned 4. 63 times of workers in the lowest percentile (potusson et al. On the other hand, wage inequality is lowest in sweden where earners in the 90the percentile earned 2. 27 times what the lowest percentile workers made (potusson et al. Usa is 4. 6, higher than the oecd average of between 2. 34 and 2. 79 (potusson et al. Sweden, the average 90-10 ratio is 2. 07 making it the oecd country with the most compressed overall wage distribution. Both the usa and sweden have lower unemployment rates, and higher innovation incentives.
