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Combatting Unemployment

Editor

Listed:
  • Eichhorst, Werner
    (Deputy Director of Labour, IZA)

  • Zimmermann, Klaus F.
    (Director of the IZA and Professor of Economics, University of Bonn)

Author

Listed:
  • Layard, Richard

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

  • Nickell, Stephen J.

    (Warden of Nuffield College, University of Oxford)

Abstract

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. Contributors to this volume - Werner Eichhorst and Klaus F. Zimmermann

Suggested Citation

  • Layard, Richard & Nickell, Stephen J., 2011. "Combatting Unemployment," OUP Catalogue, Oxford University Press, number 9780199609789 edited by Eichhorst, Werner & Zimmermann, Klaus F..
  • Handle: RePEc:oxp:obooks:9780199609789
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    Other versions of this item:

    • Layard, Richard & Nickell, Stephen J., 2016. "Combatting Unemployment," OUP Catalogue, Oxford University Press, number 9780198779933 edited by Eichhorst, Werner & Zimmermann, Klaus F..

    Citations

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    Cited by:

    1. Nicoleta CHERMENSCHI, 2016. "Unemployment in Romania – Evolutions and Tendencies," Eco-Economics Review, Ecological University of Bucharest, Economics Faculty and Ecology and Environmental Protection Faculty, vol. 2(1), pages 49-59, June.
    2. Camilla Jensen, 2004. "Formal Integration: FDI and trade in Europe," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 5(1), pages 5-27, December.
    3. Andrey V. Zubarev & Valeriia A. Tadei, 2023. "Проверка Наличия Эффекта Гистерезиса В Динамике Безработицы В России," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 8, pages 12-21, August.
    4. Andrey V. Zubarev & Valeriia A. Tadei, 2023. "Testing the Presence of the Hysteresis Effect Unemployment Dynamics in Russia [Проверка Наличия Эффекта Гистерезиса В Динамике Безработицы В России]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 8, pages 12-21, August.
    5. George Economides & Dimitris Papageorgiou & Apostolis Philippopoulos, 2020. "Macroeconomic Policy Lessons for Greece from the Debt Crisis," CESifo Working Paper Series 8188, CESifo.
    6. Raul Eamets & Epp Kalaste, 2004. "The Lack of Wage Setting Power of Estonian Trade Unions?," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 5(1), pages 44-60, December.
    7. Antonio Rodriguez-Gil, 2018. "Hysteresis and labour market institutions. Evidence from the UK and the Netherlands," Empirical Economics, Springer, vol. 55(4), pages 1985-2025, December.

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