Unemployment Macroeconomic Performance and the Labour Market [Hardcover]

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.

Introduction to New Edition
Preface to First Edition
1. Overview
The Microfoundations
2. Wage-Bargaining and Unions
3. Efficiency Wages
4. Wage Behaviour: the Evidence
5. Job Search: the Duration of Unemployment
6. Mismatch: the Structure of Unemployment
7. The Pricing and Employment Behaviour of Firms
The Macroeconomic Outcome
8. The Macroeconomics of Unemployment
9. Explaining Post-war Unemployment in OECD Countries
Policy Implications
10. Policies to Cut Unemployment
Annexes
Discussion Questions
References

Convincingly refutes the idea that countries have no choice but to live with high unemployment. --The Economist

Richard Layardis Emeritus Professor of Economics and Co-Director of the Centre for Economic Performance at the London School of Economics.
Stephen Nickellis Professor of Economics at the London School of Economics.Richard Jackmanis Professor of Economics at the London School of Economics.