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The Roaring Nineties
The Roaring Nineties
Can Full Employment Be Sustained?
Alan
B.
Krueger and Robert
M.
Solow, Editors
The Russell Sage Foundation. New York
The Century Foundation Press • New York
The Russell Sage Foundation
The Russell Sage Foundation, one of the oldest of America's general purpose foundations, was established in
1907 by Mrs. Margaret Olivia Sage for "the improvement of social and living conditions in the United States."
The Foundation seeks to fulfill this mandate by fostering the development and dissemination of knowledge
about the country's political, social, and economic problems. While the Foundation endeavors to assure the
accuracy and objectivity of each book it publishes, the conclusions and interpretations in Russell Sage Founda-
tion publications are those of the authors and not of the Foundation, its Trustees, or its staff. Publication by
Russell Sage, therefore, does not imply Foundation endorsement.
BOARD OF TRUSTEES OF THE RUSSELL SAGE FOUNDATION
Ira Katznelson, Chair
Alan S. Blinder
Christine
K.
Cassel
Thomas D. Cook
Robert
E.
Denham
Jennifer
L.
Hochschild
Timothy
A.
Hultquist
Kathleen Hall Jamieson
Melvin Konner
Ellen Condliffe Lagemann
Cora B. Marrett
Eugene Smolensky
Eric Wanner
The Century Foundation
The Century Foundation, formerly the Twentieth Century Fund, sponsors and supervises timely analyses of
economic policy, foreign affairs, and domestic political issues. Not-for-profit and nonpartisan, it was founded
in 1919 and endowed by Edward
A.
Filene.
BOARD OF TRUSTEES OF THE CENTURY FOUNDATION
Alan Brinkley, Chair
H. Brandt Ayers
Peter
A. A.
BerIe
Joseph
A.
Califano, Jr.
Alexander Morgan Capron
Hodding Carter III
Edward E. David, Jr.
Brewster
C.
Denny
Charles
V.
Hamilton
Matina S. Horner
Lewis B. Kaden
James
A.
Leach
Richard
C.
Leone
Jessica Tuchman Mathews
Alicia H. Munnell
P. Michael Pitfield
Richard Ravitch
Alan Sagner
Arthur M. Schlesinger, Jr.
Harvey
I.
Sloane, M.D.
Theodore
C.
Sorensen
Kathleen M. Sullivan
James Tobin
David B. Truman
Shirley Williams
William Julius Wilson
Library of Congress Cataloging-in-Publication Data
The roaring nineties: can full employment be sustained? / Alan Krueger, Robert Solow, editors
p.
em.
Includes bibliographical references and index.
ISBN 0-87154-817-8
1. Employment forecasting-United States. 2. Labor market-United States. 3. Full
employment policies-United States. 4. United States-Economic conditions-1981-
1.
Krueger, Alan B.
II.
Solow, Robert M.
HD5724.R56 2002
339.5' 0973-dc21
2001041787
Copyright
©
2001 by Russell Sage Foundation and The Century Foundation. All rights reserved. Printed in the
United States of America. No part of this publication may be reproduced, stored in a retrieval system, or
transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, with-
out the prior written permission of the publisher.
Reproduction by the United States Government in whole or in part is permitted for any purpose.
The paper used in this publication meets the minimum requirements of American National Standard for
Information Sciences-Permanence of Paper for Printed Library Materials. ANSI Z39.48-1992. Text design by
Suzanne Nichols.
RUSSELL SAGE FOUNDATION
112 East 64th Street, New York, New York 10021
10 9 8 7 6 5 4 3 2 1

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