How to Beat UnemploymentIn 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. |
Contents
The Basic Facts about Unemployment | 15 |
The InflationUnemployment Quandary | 29 |
Social Security Employment | 43 |
Copyright | |
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Common terms and phrases
aggregate demand argument average Britain British budget capital cent chapter Community Programme competitiveness counter-inflation tax deficit demand for output Department of Employment earnings Economic effect employed employers employment protection exchange rate expected extra fall feasible real wage Figure firms Gazette GDP deflator given high unemployment higher import prices incentive incomes policy industry Jackman Labour Economics 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 ment million mismatch money spending NAIRU National Insurance contributions North Sea oil OECD 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 Trends unem Unemployment Benefit unemployment rate unskilled vacancies wage inflation wage-bargainers week Youth Training Scheme