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Combatting Unemployment Richard Layard (Emeritus Professor of Economics, London School of Economics and Political Science)

Combatting Unemployment By Richard Layard (Emeritus Professor of Economics, London School of Economics and Political Science)

Summary

Shaping the views of scholars and policymakers on how to address unemployment, the contributions of Layard and Nickell have served to illuminate the policy discourse in Europe. The book includes their key writings on the subject together with a new essay on what should be done during recession.

Combatting Unemployment Summary

Combatting Unemployment by Richard Layard (Emeritus Professor of Economics, London School of Economics and Political Science)

Why is unemployment higher in some countries than others? Why does it fluctuate between decades? Why are some people at greater risk than others? Layard and Nickell have worked on these issues for thirty years. Their famous model, first published in 1986, is now used throughout the world. It asserts that unemployment must be high enough to reduce the real wages for which workers settle to the level justified by productivity. So what affects 'wage push'? The authors showed early on that the key factors affecting 'wage push' are how unemployed workers are treated and how wages are negotiated. If unemployed people get benefits without being required to accept jobs, vacancies go unfilled and mass unemployment results. The solution is welfare-to-work policies like those now introduced in most parts of the world. The authors have proposed these policies for the last twenty-five years in a series of key articles reproduced in this book. Their original analysis explains the subsequent movement of unemployment over the last two decades. They conclude the book with a new chapter on what should be done in the recession: no-one, they say, should be given unemployment benefit beyond a year, after which they should be offered work.

Combatting Unemployment Reviews

should be on the reading list of all serious students of economics * Arnaud Vaganay, Journal of Social Policy *
A brief review like this cannot do justice to the depth and breadth of the research of Layard and Nickell. Their path-breaking work has motivated numerous related labour studies. ... This book is essential reading for economists, politicians and social scientists. * G.C. Lim, The Economic Record *

About Richard Layard (Emeritus Professor of Economics, London School of Economics and Political Science)

Until 2003 Richard Layard was the founder-director of the Centre for Economic Performance at the London School of Economics. He now heads the Centre's Programme on Well-Being. He has worked on unemployment, inflation, education, inequality, and post-Communist reform. He was an early advocate of the welfare-to-work approach to European unemployment, and with S. Nickell and R. Jackman authored Unemployment: Macroeconomic Performance and the Labour Market (OUP 1991, 2e 2005). Their ideas have been implemented in many countries including in Britain's New Deal, to which Layard was a consultant. His book Happiness - Lessons from a New Science (2005) appears in 20 languages. Richard Layard was also an active member of The Children's Society Inquiry into The Good Childhood and was co-author of its recent report: A Good Childhood (Penguin, 2009). Layard is a fellow of the British Academy and of the Econometric Society. Since 2000 he has been a member of the House of Lords. Stephen J. Nickell is Chairman of The Advisory Committee on Civil Costs (MOJ) and a Board Member of the UK Statistics Authority. Previously he has held Economics Professorships at both LSE and Oxford and was President of the Royal Economic Society from 2000 to 2003. He was a member of the Bank of England Monetary Policy Committee from 2000 to 2006. He is a Fellow of the Econometric Society and the British Academy, as well as a foreign honorary member of the American Economic Association and the American Academy of Arts and Sciences.

Table of Contents

Introduction by the Editors: A New Understanding of Labor Market Institutions- Layard and Nickell on Labor Economics and Policy Making 1: The Labor Market 2: Why Does Unemployment Persist? 3: Combatting Unemployment: Is Flexibility Enough? 4: Labor Market Institutions and Economic Performance 5: Unemployment: Macroeconomic Performance and the Labor Market 6: Policies For Full Employment 7: A Final Note: Unemployment and the Current Recession

Additional information

GOR013834317
9780198779933
0198779933
Combatting Unemployment by Richard Layard (Emeritus Professor of Economics, London School of Economics and Political Science)
Used - Very Good
Paperback
Oxford University Press
2016-06-16
268
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Combatting Unemployment