Unemployment: Macroeconomic Performance and the Labour Market / Edition 2

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Written by leading experts in the field, this book provides a broad survey of unemployment. Explaining what has happened to employment levels in the industrialized countries in the 1970s and 1980s, the authors discuss why unemployment is so high and why it has fluctuated so wildly, how unemployment affects inflation, and whether full employment can ever be combined with price stability. For each issue it develops a relevant theory, followed by extensive empirical analysis, drawing on material from both Europe and America.

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Product Details

  • ISBN-13: 9780199279173
  • Publisher: Oxford University Press, USA
  • Publication date: 1/15/2005
  • Edition description: New Edition
  • Edition number: 2
  • Pages: 670
  • Product dimensions: 9.10 (w) x 6.10 (h) x 1.50 (d)

Meet the Author

Richard Layard is Emeritus Professor of Economics and Co-Director of the Centre for Economic Performance at the London School of Economics.
Stephen Nickell is Professor of Economics at the London School of Economics. Richard Jackman is Professor of Economics at the London School of Economics.

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Table of Contents

1 Overview 1
2 Wage-bargaining and unions 83
3 Efficiency wages 150
4 Wage behaviour : the evidence 173
5 Job search : the duration of unemployment 216
6 Mismatch : the structure of unemployment 285
7 The pricing and employment behaviour of firms 336
8 The macroeconomics of unemployment 361
9 Explaining post-war unemployment in OECD countries 397
10 Policies to cut unemployment 471
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