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Books > Social sciences > Sociology, social studies > Social issues
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Combatting Unemployment (Paperback)
Loot Price: R1,007
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Combatting Unemployment (Paperback)
Series: IZA Prize in Labor Economics
Expected to ship within 12 - 19 working days
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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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