Centre for Economic Performance, London School of Economics and Political Science
Abstract
This paper was originally delivered as a TSB Forum lecture in Glasgow on Thursday 28 October, 1993. Professor Layard argues that unemployment must be reduced permanently below the intolerable levels of the 1980s and early 1990s. To achieve this, reforms must be made in the areas of training and job subsidies for those unemployed for 6-12 months, in training of young people, and in systems of wage determination
