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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...
Persistent link: https://www.econbiz.de/10004967685
Most people with mental illness should be offered the choice of psychological therapy.
Persistent link: https://www.econbiz.de/10011071699
Treating mental illness should be a top national priority, especially as proven psychological therapies effectively cost nothing. Richard Layard explains how CEP research has led to a new deal for mental health - but much remains to be done. Mental illness has much greater economic costs than...
Persistent link: https://www.econbiz.de/10010933776
The measurement of wellbeing is central to public policy. There are three uses for any measure: 1) monitoring progress; 2) informing policy design; and 3) policy appraisal. There has been increasing interest in the UK and around the world in using measures of subjective wellbeing (SWB) at each...
Persistent link: https://www.econbiz.de/10009368957
According to Paul Krugman, "the European unemployment problem and the US inequality problem are two sides of the same coin". In other words, both continents have had the same shift in demand towards skill; in the US relative wages have adjusted and in Europe not. The implication of this...
Persistent link: https://www.econbiz.de/10005017011
In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-benefit analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large...
Persistent link: https://www.econbiz.de/10005796149
The Government's Improving Access to Psychological Therapy (IAPT) programme aims to implement NICE Guidance for people with depression and anxiety disorders. In the first phase of the programme, two demonstration sites were established in Doncaster and Newham with funding to provide increased...
Persistent link: https://www.econbiz.de/10005797288
At present six million people are suffering from clinical depression or anxiety disorders, but only a quarter of them are in treatment. NICE Guidelines prescribe the offer of evidence-based psychological therapy, but they are not implemented, due to lack of therapists within the NHS. We...
Persistent link: https://www.econbiz.de/10005151004
Do other peoples' incomes reduce the happiness which people in advanced countries experience from any given income? And does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many decades? The answer to both questions is 'Yes'. We...
Persistent link: https://www.econbiz.de/10005256480
Richard Layard outlines the development of CEP research on what makes people happy and how society might best be organised to promote happiness.
Persistent link: https://www.econbiz.de/10009645881