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Unemployment – Macroeconomic Performance and the Labour Market - Oxford Scholarship Online
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Unemployment: Macroeconomic Performance and the Labour Market

Richard Layard, Stephen Nickell, and Richard Jackman


This book aims to provide a basis for better unemployment policy: showing how the lessons learned from experience and theory can be applied to greatly reduce the waste and misery of high unemployment. The book surveys the main aspects of the unemployment problem. It integrates macroeconomics with a detailed micro-analysis of the labour market. It uses a 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 the chapters develop a relevant theory, followed ... More

Keywords: high unemployment, unemployment policy, unemployment problem, labour market, OECD unemployment, inflation, wage bargaining, unemployment insurance

Bibliographic Information

Print publication date: 2005 Print ISBN-13: 9780199279166
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780199279166.001.0001


Affiliations are at time of print publication.

Richard Layard, author
London School of Economics

Stephen Nickell, author
University of Oxford

Richard Jackman, author
London School of Economics