by Patrick Appel
It’s true that American have fewer paid vacations and paid holidays. But the top 80 to 90 percent of U.S. households have more disposable income than their counterparts in the vast majority of OECD economies. Paid vacation is best understood as a form of non-cash compensation. It’s not obvious that we should collectively choose more paid vacation over more pay, and the lack of mandatory paid-vacation gives employers and employees more flexibility to choose an arrangement that works for them.