As millions of Americans struggle to find work in the wake of the
Great Recession, politicians from both parties look to regulation
in search of an economic cure. Some claim that burdensome
regulations undermine private sector competitiveness and job
growth, while others argue that tough new regulations actually
create jobs at the same time that they provide other benefits. Does
Regulation Kill Jobs? reveals the complex reality of regulation
that supports neither partisan view. Leading legal scholars,
economists, political scientists, and policy analysts show that
individual regulations can at times induce employment shifts across
firms, sectors, and regions-but regulation overall is neither a
prime job killer nor a key job creator. The challenge for
policymakers is to look carefully at individual regulatory
proposals to discern any job shifting they may cause and then to
make regulatory decisions sensitive to anticipated employment
effects. Drawing on their analyses, contributors recommend methods
for obtaining better estimates of job impacts when evaluating
regulatory costs and benefits. They also assess possible ways of
reforming regulatory institutions and processes to take better
account of employment effects in policy decision-making. Does
Regulation Kills Jobs? tackles what has become a heated partisan
issue with exactly the kind of careful analysis policymakers need
in order to make better policy decisions, providing insights that
will benefit both politicians and citizens who seek economic growth
as well as the protection of public health and safety, financial
security, environmental sustainability, and other civic goals.
Contributors: Matthew D. Adler, Joseph E. Aldy, Christopher
Carrigan, Cary Coglianese, E. Donald Elliott, Rolf Fare, Ann
Ferris, Adam M. Finkel, Wayne B. Gray, Shawna Grosskopf, Michael A.
Livermore, Brian F. Mannix, Jonathan S. Masur, Al McGartland,
Richard Morgenstern, Carl A. Pasurka, Jr., William A. Pizer, Eric
A. Posner, Lisa A. Robinson, Jason A. Schwartz, Ronald J.
Shadbegian, Stuart Shapiro.
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