Unemployment : macroeconomic performance and the labour market

Author(s)

Bibliographic Information

Unemployment : macroeconomic performance and the labour market

Richard Layard, Stephen Nickell, Richard Jackman

Oxford University Press, 1991

  • : pbk

Available at  / 63 libraries

Search this Book/Journal

Note

Bibliography: p. 568-592

Includes indexes

Description and Table of Contents

Volume

ISBN 9780198284338

Description

In this broad survey of the subject of unemployment, the authors consider a number of key issues, such as why unemployment is so high and why it fluctuates so wildly; how unemployment affects inflation; and whether full employment can ever be combined with price stability. This book provides answers and explains the puzzling postwar history of the OECD countries. It integrates macroeconomics with a detailed micro-analysis of the labour market and shows how unemployment and inflation are affected by systems wage bargaining and unemployment insurance. For each issue it develops new relevant theory, followed by extensive empirical analysis, drawing on material from both Europe and America. The authors are leading world experts on the subject, and the book gives their definitive treatment. It is based largely on new research, but also incorporates the best of existing knowledge of economics. The rest of the book provides key elements for courses in macroeconomics and labour economics at advanced undergraduate levels. The basic aim of the book, however, is to provide the basis for better policy. As the book shows by learning from theory and experience we can greatly reduce the waste and misery of high unemployment. It should be a lasting contribution and a major source of reference for both scholars and students.

Table of Contents

  • Part 1 The microfoundations: wage-bargaining and unions
  • efficiency behaviour - the evidence
  • job search - the duration of unemployment
  • mismatch - the structure of unemployment
  • the pricing and employment behaviour of firms. Part 2 The macroeconomic outcome: the macroeconomics of unemployment
  • explaining post-war unemployment in OECD countries. Part 3 Policy implications: policies to cut unemployment.
Volume

: pbk ISBN 9780198284345

Description

This book is concerned with why unemployment is so high and why it fluctuates so wildly. It shows how unemployment affects inflation, and discusses whether full employment can ever be combined with price stability. It asks why some groups have higher unemployment rates than others. The book thus surveys in a clear, textbook fashion the main aspects of the unemployment problem. It integrates macroeconomics with a detailed micro-analysis of the labour market. it uses the authors' model to explain the puzzling post-war history of OECD unemployment and shows how unemployment and inflation are affected by systems of wage bargaining and unemployment insurance. For each issue it develops new relevant theory, followed by extensive empirical analysis. The authors are established experts in this field, and this book gives their definitive treatment. It is based largely on new research, but also incorporates the best of existing knowledge. The long `overview' chapter is accessible to any non-specialist with an elementary knowledge of economics. The rest of the book provides key elements for courses in macroeconomics and labour economics at advanced undergraduate and graduate levels, and will serve as a major source of reference for both scholars and students. The basic aim of the book, however, is to provide the basis for better policy. As the book shows, by learning from theory and experience, we can avoid the waste and misery of high unemployment.

Table of Contents

  • Overview
  • The Microfoundations: Wage Bargaining and Unions
  • Efficiency Wages
  • Wage Behaviour: The Evidence
  • Job Search: The Duration of Unemployment
  • Mismatch: The Structure of Unemployment
  • The Pricing and Employment Behaviour of Firms
  • The Macroeconomic Outcome: The Macroeconomics of Unemployment
  • Explaining Post-War Unemployment in OECD Countries
  • Policy Implications: Policies to Cut Unemployment

by "Nielsen BookData"

Details

Page Top