First published in 1987. Unemployment is currently the major economic concern in developed economies. This book provides a comprehensive analysis of the economics of unemployment. It concentrates on theories of the labour market and examines the critical inter-relationships with the rest of the economy. It provides a thorough evaluation of theory and extensive consideration of the relevant empirical evidence. It emphasises the multi-causal nature of unemployment and concludes that policy-makers should respond with a multi-faceted mix of policies.
Table of Contents
Table of Contents; Acknowledgements; 1. Unemployment – Costs and Measurement 2. Stocks, Flows, Duration and the Incidence of Unemployment 3. Search, Unemployment and Unfilled Vacancies 4. Macroeconomics of Unemployment – The Classical Approach 5. Macroeconomics of Unemployment – The Non-Market Clearing Approach 6. Non-Natural Unemployment – Empirical Evidence 7. The Natural Rate of Unemployment: The Supply Side 8. The Natural Rate of Unemployment: The Demand Side 9. Unemployment – Policy and Prospects; Bibliography; Index