How to beat unemployment
In this study, a leading expert sheds light on the reasons for high unemployment in Britain and various ways it can be reduced. Analyzing the roots of unemployment in the first half of the book, Layard provides a definitive statement of the modern theory of unemployment and presents a mass of evidence about what causes unemployment in Britain. He then proposes practical measures to reduce unemployment without raising inflation, such as increasing the demand for goods and services that the unemployed can supply, and suggests implementing a tax-based incomes policy to ensure that inflation stays low.
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The Basic Facts about Unemployment
The InflationUnemployment Quandary
Social Security Employment
8 other sections not shown
aggregate demand argument average Britain British budget capital cent chapter Community Programme competitiveness counter-inflation tax deficit demand for output Department of Employment earnings economy effect employed employers employment protection exchange rate extra fall feasible real wage Figure firms Gazette GDP deflator given high unemployment higher import prices incentive incomes policy industry Jackman labour force labour market Layard and Nickell less less-skilled level of unemployment long-term unemployed long-term unemployment lower major Male Unemployment Manpower Services Commission mark-up ment million mismatch money spending NAIRU National Insurance contributions North Sea oil OECD percentage ployment potential output pound private sector problem productivity growth proportion public debt public sector real interest rates reason reduce unemployment relative replacement ratio rise risen scheme skilled social security subsidy Supplementary Benefit supply Table trade union Trends unem Unemployment Benefit unemployment rate unskilled vacancies wage inflation wage-bargainers Youth Training Scheme