Unemployment Policy
Government Options for the Labour Market

This book looks at a range of policies available to tackle unemployment.

Dennis J. Snower (Edited by), Guillermo de la Dehesa (Edited by)

9780521599214, Cambridge University Press

Paperback, published 15 May 1997

620 pages, 42 tables
22.9 x 15.2 x 3.5 cm, 0.9 kg

There is substantial disagreement among policy-makers about how governments should respond to the problem of high unemployment. Thus far there has been little, if any, systematic attempt to evaluate the strengths and weaknesses of the main unemployment policies available to governments in market economies. Individual policy recommendations are usually made in isolation from one another. This book attempts to provide a balanced assessment of the various policy options, including the following: demand management versus supply-side policy, subsidizing employment and training, restructuring labour market regulations, and reforming the welfare state. The book also examines the political economy of unemployment policy and the effect of this policy on productivity growth.

1. Introduction Guillermo de la Dehesa and Dennis J. Snower
Part I. General Policy Issues: 2. Evaluating unemployment policies: what do the underlying theories tell us? Dennis J. Snower
3. High unemployment from a political economy perspective Gilles Saint-Paul
Part II. Demand Management and Supply-Side Policy: 4. The role of demand-management policies in reducing unemployment Charles R. Bean
5. Edmund Phelps' theory of structural slumps and its policy implications Edmond Malinvaud
Part III. Subsidising Employment and Training: 6. The simple economics of benefit transfers Dennis J. Snower
7. Wage subsidy programmes: alternative designs Edmund S. Phelps
8. Technological development, competition from low-wage economies and low-skilled unemployment Jacques H. Drèze and Henri Sneessens
9. Macroeconomic and policy implications of shifts in the relative demand for skills Olivier J. Blanchard
10. Would cutting payroll taxes on the unskilled have a significant impact on unemployment? Stephen J. Nickell and Brian Bell
11. Preventing long-term unemployment: an economic analysis Richard Layard
Part IV. Labour Market Regulations: 12. An analysis of firing costs and their implications for unemployment policy Alison L. Booth
13. Labour market regulation and unemployment Paul Gregg and Alan Manning
Part V. Policy, Job Reallocation and the Unemployment-Productivity Relation: 14. Is there a trade-off between unemployment and productivity growth? Robert J. Gordon
15. Gross job reallocation and labour market policy Pietro Garibaldi, Jozef Konings and Christopher Pissarides
Part VI. Comparing Unemployment Policies: 16. Unemployment in the OECD and its remedies Patrick Minford
17. The unemployment and welfare effects of labour market policy: a comparison of the US and the UK Stephen P. Millard and Dale T. Mortensen.

Subject Areas: Labour economics [KCF]