Richard Layard is Emeritus Professor of Economics and Co-Director of the Centre for Economic Performance at the London School of Economics.Stephen Nickell is Professor of Economics at the London School of Economics.Richard Jackman is Professor of Economics at the London School of Economics.

Review from previous edition 'convincingly refutes the idea that countries have no choice but to live with high unemployment.'

• 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

Richard Layard is Emeritus Professor of Economics and Co-Director of the Centre for Economic Performance at the London School of Economics.Stephen Nickell is Professor of Economics at the London School of Economics.Richard Jackman is Professor of Economics at the London School of Economics.

Review from previous edition 'convincingly refutes the idea that countries have no choice but to live with high unemployment.'

• 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

Richard Layard is Emeritus Professor of Economics and Co-Director of the Centre for Economic Performance at the London School of Economics.Stephen Nickell is Professor of Economics at the London School of Economics.Richard Jackman is Professor of Economics at the London School of Economics.

Review from previous edition 'convincingly refutes the idea that countries have no choice but to live with high unemployment.'

• 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