Combatting Unemployment

Autor: Richard Layard, Stephen J. Nickell

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Editura: Oxford University Press

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Why is unemployment higher in some countries than others? Why does it fluctuate between decades? Why...

Informații despre carte

Autor

Richard Layard, Stephen J. Nickell

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2011

Pagini

268

EAN

9780199609789

ISBN

0199609780

Enbook ID

04533981

Editura

Oxford University Press

Greutate

468

Dimensiuni

145 x 223 x 21

Descriere completă

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.

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