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Books > Social sciences > Sociology, social studies > Social issues
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Combatting Unemployment (Hardcover)
Loot Price: R3,044
Discovery Miles 30 440
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Combatting Unemployment (Hardcover)
Series: IZA Prize in Labor Economics
Expected to ship within 10 - 15 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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