Clair Brown is Professor of Economics and Director of the Center for Work, Technology, and Society at the University of California, Berkeley and former director the Institute of Industrial Relations. She has published research on many aspects of the labor market, including high-tech workers, labor market institutions, firm employment systems and performance, the standard of living, wage determination, and unemployment. The industries that Professor Brown has studied in the field include semiconductors, automobiles, and high-tech start-ups. She is the author of American Standards of Living, 1918–1988 (1994) and coauthor of Work and Pay in the United States and Japan (1997), Economic Turbulence (2006), and Chips and Change: How Crisis Reshapes the Semiconductor Industry (2009). Barry Eichengreen is George C. Pardee and Helen C. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley, where he has taught since 1987. He is the author of Globalizing Capital: A History of the International Monetary System: Second Edition (2008), The European Economy since 1945: Coordinated Capitalism and Beyond (expanded edition 2008), and Global Imbalances and the Lessons of Bretton Woods (2006). A Fellow of the American Academy of Arts and Sciences, Research Associate of the National Bureau of Economic Research, and Research Fellow of the Centre for Economic Policy Research, he was Senior Policy Advisor at the International Monetary Fund in 1997–98. Michael Reich is Professor of Economics and Director of the Institute for Research on Labor and Employment at the University of California, Berkeley. He also co-chairs the Miguel Contreras Program in Labor Studies in the Office of the President of the University of California. Professor Reich has published numerous articles on labor market segmentation, racial inequality, the political economy of institutions in economic booms and crises, high-performance workplaces, living wages, and minimum wages. He is the author, coauthor, editor, or coeditor of thirteen titles in labor, industrial relations, and economic studies, including Racial Inequality: A Political-Economic Analysis (1981), Segmented Work, Divided Workers: The Historical Transformation of Labor in the United States (1982), Work and Pay in the United States and Japan (1997), the two-volume Labor Market Segmentation and Labor Mobility (2008), and the forthcoming Contemporary Capitalism and Its Crises: Social Structure of Accumulation Theory for the Twenty-First Century (Cambridge University Press).

'The essays in this volume drill down below the surface to provide rich explanations for three decades of stagnant wages, rising inequality, and increasing income insecurity. Without ignoring the effects of globalization, immigration, deregulation, and weakening of employment protection, the authors introduce important new analyses that incorporate variously institutions and cultural norms or examine less-studied linkages such as the impact of financial deregulation on labor markets. This is an important book with fresh insights into the causes and consequences of these developments.' Eileen Appelbaum, Rutgers University

• Introduction Clair Brown, Barry Eichengreen and Michael Reich; Part I. Political Economy and Labor Market Institutions: 1. Institutions and wages in post-World War II America Frank Levy and Peter Temin; 2. American exceptionalism and comparative political economy David Soskice; 3. Finance and labor: perspectives on risk, inequality, and democracy Sanford Jacoby; Part II. Institutions and Firm and Worker Behavior: 4. How good are U.S. jobs? Characteristics of job ladders across firms in five industries Clair Brown, Benjamin Campbell, Fredrik Andersson, Hyowook Chiang and Yooki Park; 5. Increasing labor flexibility in Japan: the role of female workers in manufacturing Yoshi-Fumi Nakata and Satoru Miyazaki; 6. Ties that matter: cultural norms and economic behavior in Western Europe Paola Giuliano; Part III. Contemporary Labor-Management Relations: 7. The new treaty of Detroit: are VEBAs labor's way forward? Teresa Ghilarducci; 8. Symphony musicians and symphony orchestras Robert J. Flanagan; 9. Wage effects of works councils and collective agreements in Germany Knut Gerlach and Wolfgang Meyer; 10. Apprentice strikes, pay structure and training in twentieth-century UK metalworking industry Paul Ryan; Part IV. Public Policy and U.S. Labor Market Structure: 11. Minimum wages in the U.S.: politics, economics and econometrics Michael Reich; 12. Understanding the causes and labor market consequences of the steep increase in U.S. incarceration rates Steven Raphael; 13. Local labor market adaptation to increased immigration David Card.