Richard Layard
Datos Biográficos
| ID | 957254 |
|---|---|
| NOMBRE | Richard Layard |
| NOMBRES | Richard |
| APELLIDO | Layard |
| FIRMA | LAYARD R |
| AFILIACIONES | London School of Economics and Political Science |
| VERIFICADO | No |
| TOTAL DE OBRAS | 63 |
| TOTAL DE CITAS | 500 |
| TOTAL COMO AUTOR | 63 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 1970 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2024 |
| ÍNDICE H | 8 |
Do wages underestimate the inequality in workers' rewards? The joint distribution of job quality and wages across occupations
Information on both wages and job quality is needed in order to understand the occupational dispersion of wellbeing. We analyse subjective wellbeing in a large UK sample to construct a measure of ‘overall reward’, the sum of wages and the value of job quality, in 90 different occupations. If only wages are included, then labour market inequality is underestimated: the dispersion of overall rewards is one‐third larger than the dispersion of wages.…
Policy stringency and mental health during the Covid-19 pandemic
BACKGROUND: To date, public health policies implemented during the COVID-19 pandemic have been evaluated on the basis of their ability to reduce transmission and minimise economic harm. We aimed to assess the association between COVID-19 policy restrictions and mental health during the COVID-19 pandemic. METHODS: In this longitudinal analysis, we combined daily policy stringency data from the Oxford COVID-19 Government Response Tracker with psych…
Mental Health During the First Year of the Covid-19 Pandemic
COVID-19 has infected millions of people and upended the lives of most humans on the planet. Researchers from across the psychological sciences have sought to document and investigate the impact of COVID-19 in myriad ways, causing an explosion of research that is broad in scope, varied in methods, and challenging to consolidate. Because policy and practice aimed at helping people live healthier and happier lives requires insight from robust patte…
The Full Returns to the Choice of Occupation and Education
When to Release the Lockdown? A Wellbeing Framework for Analysing Costs and Benefits
A happy choice
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A happy choice
In this article, we lay out the basic case for wellbeing as the goal of government. We briefly review the history of this idea, which goes back to the ancient Greeks and was the acknowledged ideal of the Enlightenment. We then discuss possible measures on which a wellbeing orientation could be based, emphasizing the importance of acknowledging the political agency of citizens and thus their own evaluations of their lives. We then turn to practica…
The Origins of Happiness
What makes people happy? This book seeks to revolutionize how we think about human priorities and to promote public policy changes that are based on what really matters to people. Drawing on a range of evidence using large-scale data from various countries, the authors consider the key factors that affect human well-being, including income, education, employment, family conflict, health, childcare, and crime. The book offers a new perspective on …
A Happy Choice
Origins of Happiness
The Origins of Happiness
The Origins of Happiness
What makes people happy? Why should governments care about people’s well-being? How would policy change if well-being were the main objective? The Origins of Happiness seeks to revolutionize how we think about human priorities and to promote public policy changes that are based on what really matters to people. Drawing on a uniquely comprehensive range of evidence from longitudinal data on over one hundred thousand individuals in Britain, the Uni…
Do More of Those in Misery Suffer from Poverty, Unemployment or Mental Illness
Do More of Those in Misery Suffer from Poverty, Unemployment or Mental Illness
What Predicts a Successful Life? A Life-Course Model of Well-Being
Policy-makers who care about well-being need a recursive model of how adult life-satisfaction is predicted by childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the British Cohort Study (1970). We show that the most powerful childhood predictor of adult life-satisfaction is the child's emotional health, followed by the child's conduct. The least powerful predictor is the child's…
What Predicts a Successful Life? A Life-Course Model of Well-Being
Measuring Subjective Well-Being
How should human happiness and life-satisfaction be assessed?
What We Tried to Do
The marginal utility of income
Happiness and Public Policy
The theory behind public economics needs radical reform. It fails to explain the recent history of human welfare and it ignores some of the key findings of modern psychology. Indeed these two failings are intimately linked: it is because the theory ignores psychology that it is unable to explain the facts. The fact is that, despite massive increases in purchasing power, people in the West are no happier than they were fifty years ago. We know thi…
Unemployment
This book aims to provide a basis for better unemployment policy: showing how the lessons learned from experience and theory can be applied to greatly reduce the waste and misery of high unemployment. The book surveys the main aspects of the unemployment problem. It integrates macroeconomics with a detailed micro-analysis of the labour market. It uses a model to explain the puzzling post-war history of OECD unemployment and shows how unemployment…
Happiness
In this new edition of his landmark book, Richard Layard shows that there is a paradox at the heart of our lives. Most people want more income. Yet as societies become richer, they do not become happier. This is not just anecdotally true, it is the story told by countless pieces of scientific research. We now have sophisticated ways of measuring how happy people are, and all the evidence shows that on average people have grown no happier in the l…
What the Future Holds
Tackling Inequality
Richard Layard is one of Britain's foremost applied economists, whose work has had a profound impact on the policy debate in Britain and abroad. This book contains his most influential articles on edu
Labor market institutions and economic performance
Barely a day goes by without some expert telling us how the continental European economies are about to disintegrate unless their labor markets become more flexible. Basically, we are told, Europe has the wrong sort of labor market institutions for the modern global economy. These outdated institutions both raise unemployment and lower growth rates. The truth of propositions such as these depends on which labor market institutions really are bad …
The Origins of Happiness
Happiness and Public Policy
The theory behind public economics needs radical reform. It fails to explain the recent history of human welfare and it ignores some of the key findings of modern psychology. Indeed these two failings are intimately linked: it is because the theory ignores psychology that it is unable to explain the facts. The fact is that, despite massive increases in purchasing power, people in the West are no happier than they were fifty years ago. We know thi…
Human Satisfactions and Public Policy
Journal Article Human Satisfactions and Public Policy Get access R. Layard R. Layard London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 90, Issue 360, 1 December 1980, Pages 737–750, https://doi.org/10.2307/2231740 Published: 01 December 1980
What Predicts a Successful Life? A Life-Course Model of Well-Being
Policy-makers who care about well-being need a recursive model of how adult life-satisfaction is predicted by childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the British Cohort Study (1970). We show that the most powerful childhood predictor of adult life-satisfaction is the child's emotional health, followed by the child's conduct. The least powerful predictor is the child's…
The Screening Hypothesis and the Returns to Education
Happiness
In this new edition of his landmark book, Richard Layard shows that there is a paradox at the heart of our lives. Most people want more income. Yet as societies become richer, they do not become happier. This is not just anecdotally true, it is the story told by countless pieces of scientific research. We now have sophisticated ways of measuring how happy people are, and all the evidence shows that on average people have grown no happier in the l…
Does Long-Term Unemployment Reduce a Person's Chance of a Job? A Time-Series Test
Long-term unemployed are less likely to leave unemployment than short-term unemployed. To what extent is this due to an effect of duration and to what extent to heterogeneity? On reasonable assumptions, heterogeneity on its own (with no duration-dependence) would imply that, if over time the exit rate of new entrants fell by a given multiple, the overall exit rate from unemployment should fall by the same multiple. However, over the last twenty y…
Unemployment in Britain
In Economica special supplement on unemployment
Married Women's Participation and Hours
A happy choice
In this article, we lay out the basic case for wellbeing as the goal of government. We briefly review the history of this idea, which goes back to the ancient Greeks and was the acknowledged ideal of the Enlightenment. We then discuss possible measures on which a wellbeing orientation could be based, emphasizing the importance of acknowledging the political agency of citizens and thus their own evaluations of their lives. We then turn to practica…
Family Income Distribution
Since individual welfare depends on family income, we ask two main questions: (1) Is family income more explicable than individual earnings? Due to assortative mating, schooling explains 20 percent of the experience-constant annual income of families, compared with under 15 percent of the experience-constant earnings of men. We explain this outcome using the model of family labor supply. We also experiment with other measures of family welfare. (…
Postwar Economic Reconstruction and Lessons for the East Today
Openness, wage restraint and macroeconomic stability - West Germany's road to prosperity 1948-1959, H. Giersch et al the lucky miracle - Germany 1945-1951, H. Wolf inflation and stabilization in Italy 1946-1951, M. De Cecco and F. Giavazzi economic reconstruction in France 1945-1958, G. Saint-Paul reconstruction and the UK postwar welfare state - false start and new beginning, P. Minford a perspective on post-war reconstrction in Finland, J. Paun…
Neoclassical Demand for Labour Functions for Six Major Economies
Journal Article Neoclassical Demand for Labour Functions for Six Major Economies Get access J. Symons, J. Symons Centre for Labour Economics, London School of Economics Search for other works by this author on: Oxford Academic Google Scholar R. Layard R. Layard Centre for Labour Economics, London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue 376, 1 December 1984…
Economics of Unemployment
Journal Article Economics of Unemployment: An Historical Perspective Get access Economics of Unemployment: An Historical Perspective. By MARK CASSON. (Oxford: Martin Robertson, 1983. Pp. xiv + 298. £17.50.) Richard Layard Richard Layard Centre for Labour Economics, L.S.E. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue 380, 1 December 1985, Pages 1104–1105, https://doi.org/10.2307/22…
Incomes Policy and Wage Differentials
this paper Contains a simple analysis of the movement of differentials in Britain in this decade. Everyone * We should like to thank J. Altonji, J. Abraham and A. Smith for excellent research assistance, and the Department of Employment for providing privately all figures not derived from published reports of the New Earnings Survey. We are also grateful to F. Bayliss, T. Cavanagh, J. Flemming and A. Shorrocks for valuable comments. The work was …
Measuring the Duration of Unemployment
The Coming Russian Boom
Since the fall of the Soviet empire in 1991, Westerners have been speculating about the future of its vast and long-oppressive economy. Politicians, economists, and businesspeople alike have watched with great interest as the new Russia has scrambled to get on its feet. As support for the communists has waned and waxed, Westerners have worried: Are Russia's troubles merely the growth pains of a rich new market waiting to take off? Or should busin…
Do wages underestimate the inequality in workers' rewards? The joint distribution of job quality and wages across occupations
Information on both wages and job quality is needed in order to understand the occupational dispersion of wellbeing. We analyse subjective wellbeing in a large UK sample to construct a measure of ‘overall reward’, the sum of wages and the value of job quality, in 90 different occupations. If only wages are included, then labour market inequality is underestimated: the dispersion of overall rewards is one‐third larger than the dispersion of wages.…
East-West Migration
The Performance of the British Economy
Journal Article The Performance of the British Economy Get access The Performance of the British Economy. Edited by RUDIGER DORNBUSCH and RICHARD LA YARD. (Oxford: Clarendon Press, 1987. Pp. 271. £27.50 hardback, £9.95 paperback. ISBN 0 19 877272 6, 0 19 877271 8.) Gavyn Davies Gavyn Davies Goldman Sachs, London Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 99, Issue 394, 1 March 1989, Pages…
Is Incomes Policy the Answer to Unemployment
In Western Europe unemployment has remained obstinately high ever since 1975. What has prevented governments from reducing it? The answer is simple. If unemployment were reduced by normal methods, inflation would rise. It follows that the only way to cut the long-run level of unemployment is to find some other way of controlling inflation. No such device will be costless. But if we could find any method that was less costly than unemployment, we …
Manpower and Educational Development in India, 1961-1986
The Impact of Robbins
The new media and higher education
Taxing Personal Wealth
The Screening Hypothesis and the Returns to Education
The Distribution of Personal Income in the U.K. 1949-1963
Redistribution through Public Choice
The Distributional Effects of Congestion Taxes
Family Income Distribution
Since individual welfare depends on family income, we ask two main questions: (1) Is family income more explicable than individual earnings? Due to assortative mating, schooling explains 20 percent of the experience-constant annual income of families, compared with under 15 percent of the experience-constant earnings of men. We explain this outcome using the model of family labor supply. We also experiment with other measures of family welfare. (…
On the Use of Distributional Weights in Social Cost-Benefit Analysis
Married Women's Participation and Hours
Human Satisfactions and Public Policy
Journal Article Human Satisfactions and Public Policy Get access R. Layard R. Layard London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 90, Issue 360, 1 December 1980, Pages 737–750, https://doi.org/10.2307/2231740 Published: 01 December 1980
Measuring the Duration of Unemployment
Map
Is Incomes Policy the Answer to Unemployment
In Western Europe unemployment has remained obstinately high ever since 1975. What has prevented governments from reducing it? The answer is simple. If unemployment were reduced by normal methods, inflation would rise. It follows that the only way to cut the long-run level of unemployment is to find some other way of controlling inflation. No such device will be costless. But if we could find any method that was less costly than unemployment, we …
Incomes Policy and Wage Differentials
this paper Contains a simple analysis of the movement of differentials in Britain in this decade. Everyone * We should like to thank J. Altonji, J. Abraham and A. Smith for excellent research assistance, and the Department of Employment for providing privately all figures not derived from published reports of the New Earnings Survey. We are also grateful to F. Bayliss, T. Cavanagh, J. Flemming and A. Shorrocks for valuable comments. The work was …
Marginal Employment Subsidies Again
Journal Article Marginal Employment Subsidies Again: A Brief Response to Whitley and Wilson Get access R. Layard, R. Layard London School of Economics, Centre for Labour Economics Search for other works by this author on: Oxford Academic Google Scholar S. J. Nickell S. J. Nickell London School of Economics, Centre for Labour Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 93, Issue 3…
Neoclassical Demand for Labour Functions for Six Major Economies
Journal Article Neoclassical Demand for Labour Functions for Six Major Economies Get access J. Symons, J. Symons Centre for Labour Economics, London School of Economics Search for other works by this author on: Oxford Academic Google Scholar R. Layard R. Layard Centre for Labour Economics, London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue 376, 1 December 1984…
Economics of Unemployment
Journal Article Economics of Unemployment: An Historical Perspective Get access Economics of Unemployment: An Historical Perspective. By MARK CASSON. (Oxford: Martin Robertson, 1983. Pp. xiv + 298. £17.50.) Richard Layard Richard Layard Centre for Labour Economics, L.S.E. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue 380, 1 December 1985, Pages 1104–1105, https://doi.org/10.2307/22…
Unemployment in Britain
In Economica special supplement on unemployment
Restoring Europe's Prosperity
Journal Article Restoring Europe's Prosperity: Macroeconomic Papers from the Centre for European Policy Studies Get access Restoring Europe's Prosperity: Maxroeconomic Papers from the Centre for European Policy Studies. Edited by OLIVIER BLANCHARD, RUDIGER DORNBUSCH and RICHARD LAYARD. (Cambridge, Massachusetts & London: The MIT Press, 1986. Pp. xiii + 179. £15.95 hardback.) M. J. Artis M. J. Artis University of Manchester Search for other works …
Economic Adjustment
Restoring Europe's Prosperity
Restoring Europe's Prosperity is the first annual produced by the Centre for European Policy Studies (CEPS), an independent research institution which focuses on the major medium- and long-term issues facing the European community and Western Europe both internally and internationally.The most important economic problems of the past five years have concerned unemployment, economic growth, fiscal deficits, and the value of the U.S. dollar. It is c…
Handbook of Labor Economics, Vols. 1 and 2
Journal Article Handbook of Labor Economics, Vols. 1 and 2 Get access Handbook of Labor Economics, Vols. 1 and 2. Edited by O. C. Ashenfelter and R. Layard. (Amsterdam: North-Holland, 1986. Pp. xxii + 787 and xx + 1273. USS 110.00, Dfl. 400.00 hardback.) C. J. McKenna C. J. McKenna University College, Cardiff Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 97, Issue 388, 1 December 1987, Pages…
Handbook of Labour Economics. Vols. I and II
Economics (47 obras) · Political science (22 obras) · Psychological Well-being and Life Satisfaction (16 obras) · Psychology (15 obras) · Sociology (15 obras) · Labour economics (14 obras) · Law (12 obras) · Unemployment (12 obras) · Economic Theory and Policy (10 obras) · Law (10 obras)