An increasing amount of attention has been focused on the
employment effect of governmental regulation. Controversy over the
implementation and impacts of governmental rules are now central to
current public policy debates relating to employment and labor
markets. A new policy framework for regulation is needed to make
the regulatory decision-making process more responsive to the
requirements for economic growth and to the employment effects of
regulation. The President and Congress need to provide effective
oversight of the process, from the perspective of both a single
regulation and a government-wide approach to regulatory planning.
Regulatory agencies need to use state-of-the-art analytical tools
so that they can better determine the employment effects of their
regulatory actions. This book presents a common-sense, albeit
highly sophisticated and technical, approach to improving the
technical soundness, credibility, and transparency of the
regulatory decision-making process.
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