In this broad survey of the subject of unemployment, the authors consider a number of key issues, such as why unemployment is so high and why it fluctuates so wildly; how unemployment affects inflation; and whether full employment can ever be combined with price stability. This book provides answers and explains the puzzling postwar history of the OECD countries. It integrates macroeconomics with a detailed micro-analysis of the labour market and shows how unemployment and inflation are affected by systems wage bargaining and unemployment insurance. For each issue it develops new relevant theory, followed by extensive empirical analysis, drawing on material from both Europe and America. The authors are leading world experts on the subject, and the book gives their definitive treatment. It is based largely on new research, but also incorporates the best of existing knowledge of economics. The rest of the book provides key elements for courses in macroeconomics and labour economics at advanced undergraduate levels. The basic aim of the book, however, is to provide the basis for better policy. As the book shows by learning from theory and experience we can greatly reduce the waste and misery of high unemployment. It should be a lasting contribution and a major source of reference for both scholars and students.

Unemployment: Macroeconomic Performance and the Labour Market

Business & Money

Layard, Richard

Nickell, Stephen

dackman, Richard

Economics

Oxford University Press

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.

Examining the characteristics and behavior of unemployed people in Great Britain as they search for work, this study uses specialized data to overcome many problems associated with measuring the effects of economic, demographic, and policy variables on unemployment.

The Nature of Unemployment in Britain: Studies of the DHSS Cohort

García, Jaime

Narendranathan, Wiji

Stern, Jon

The Unemployment Crisis

This fully revised and up-dated abridgement of the well-established 1991 book, Unemployment: Macroeconomic Performance and the Labour Market is now an entirely accessible textbook on unemployment. It offers a wide-ranging international analysis of labor market institutions, recent unemployment experience, and governmental policies. The authors question the inevitability of present levels of unemployment in the Western world, and the view that there exists a trade-off between price stability and unemployment levels. This volume presents a lucid and comprehensive explanation of the reasons for unemployment, the existence of an average level, and the reasons why unemployment levels often fluctuate. The authors have created a general framework for their analysis that fully integrates macroeconomic theory with a detailed look at the microeconomic workings of the labor market. They effectively incorporate the latest theoretical research on topics such as insider-outsider theories and hysteresis in labor markets, and reveal the role of factors such as union bargaining, efficiency wages, and labor practices to combat unemployment. Students will find this book essential because of its comprehensive coverage of unemployment in the international arena and its clear exposition.

Jackman, Richard

Layard, Nickell and Jackman have fully revised and updated part of their well-established 1991 book - Unemployment: Macroeconomic Performance and the Labour Market - to create a shorter and entirely accessible undergraduate textbook on unemployment. The authors question the inevitability of present levels of unemployment in the Western world, and the view that there exists a trade-off between price stability and unemployment levels. Students are presented with a lucid and comprehensive explanation of the reasons for unemployment, the existence of an average level, and the reasons why unemployment levels often fluctuate. The authors have created a general framework of analysis which fully integrates macroeconomic theory with a detailed look at the microeconomic workings of the labour market. This is illuminated by up-to-the-minute empirical evidence relating to all OECD countries. This book also incorporates the latest theoretical thinking on topics such as 'insider-outsider' theories, and hysteresis in labour markets, as well as revealing the role of factors such as union bargaining, efficiency wages, benefits, and mismatch. The final part authoritatively weighs up various governmental practices to combat unemployment, and reveals the different institutions and recent experiences of OECD countries. Students will find this book essential partly because it is very clearly written. The authors have used algebra in parts, but the exposition can be followed without equations, and they also present key findings geometrically. Students and tutors will find a list of discussion questions at the end useful, and a bibliography provides further reading for advanced students.

Why has unemployment fallen in some countries and not in others? This classic book is now re-issued with an updated introduction, which shows how well the analysis explains recent developments. The book is both a textbook and an original monograph in which the authors set out their analytic framework which has now become standard in some countries. The book both explains unemployment and shows how it can be reduced. It contains a long overview chapter which is accessible to any non-specialist with an elementary knowledge of economics.

This broad survey of unemployment is a benchmark summary of the authors position which became hugely influential. This second edition brings the analysis up to date by relating it to recent empirical developments. This book is a major source of reference for both scholars and students.

See the best price to sell, buy, or rent books by Nickell, Stephen. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Nickell, Stephen

See the best price to sell, buy, or rent books by Nickell, Stephen. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Unemployment: Macroeconomic Performance and the Labour Market

Unemployment: Macroeconomic Performance and the Labour Market

The Nature of Unemployment in Britain: Studies of the DHSS Cohort

The Unemployment Crisis

The Unemployment Crisis

Unemployment: Macroeconomic Performance and the Labour Market

Unemployment: Macroeconomic Performance and the Labour Market