In the United States, Great Britain, the Netherlands, and Denmark, employment trends have been considerably more favorable than in Germany. A country is considered successful in an employment policy context if unemployment is falling steadily or is low and if employment is increasing steadily or the employment rate has reached a high level.…

The major explanations for the narrowing in wage differentials between blacks and whites can be placed under four general categories: (1) more recent black cohorts begin their job experiences with larger initial stocks of human capital than previous cohorts; (2) the rural South to urban North migration has partly been superceded by Southern blacks…