"This paper addresses two questions: -Can Welfare-to-Work expand employment and -Has Britain's New Deal for young people actually done so, and have its benefits justified the cost? There is ample evidence that unemployment (and employment) is affected by how the unemployed are treated. Other...

Contributors to this report on a recent CEP conferene include Sir Rodric Braithwaite, Sergei Vasiliev, Michael Emerson and Peter Boone. There is too much ill-informed and erroneous reporting of Russia and its companies.

The authors consider an economy in which all firms are unionized and bargain with their own union. If unions bargain over employment as well as wages, employment will be the same as if they bargain over wages only, provided that the production function is Cobb-Douglas. (Employment will be higher...

Barely a day goes by without some expert telling us how the continental European economies are about to disintegrate unless their labour markets become more flexible. Basically, we are told, Europe has the wrong sort of labour market institutions for the modern global economy. These outdated...

This lecture provides a general framework for analysing unemployment. For inflation to be stable, there must be sufficient unemployment to prevent 'target real wages' exceeding 'feasible real wages'. Target real wages depend on bargaining systems, benefit systems, labour market policies and...

Our conclusions are the most important influences on unemployment come from the following (i) The longer unemployment benefits are available the longer unemployment lasts. Similarly, higher levels of benefits generate higher unemployment, with an elasticity of around one half. On the other hand...