Nobel laureate: limit jobless payouts to a year
Published: 10 Nov 10 07:40 CET | Print version
Online: http://www.thelocal.se/30120/20101110/
Nobel Economics laureate Christopher Pissarides on Tuesday called on states to subsidise "real jobs" to increase employment and to limit benefits to a maximum of one year to ward off long-term joblessness.
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"In recession times of course you might extend the period (of unemployment
benefits) a little because there are not enough jobs, but not too much," the 62-year-old labour market expert said.
"You can extend it up to a year but I would be concerned if it was extended unconditionally beyond the 12 months," he added.
Pissarides was awarded the 2010 Nobel Economics Prize last month with two
Americans, Peter Diamond and Dale Mortensen, for their work to resolve puzzles
such as why people remained unemployed despite a large number of job openings.
The London School of Economics professor, who on Tuesday was taking part in
a conference on how the global economic crisis has impacted the labour market,
stressed the importance of work experience for landing a job.
But, he insisted, the "work experience should be in real jobs, not in made-up jobs just for the sake of (getting people) out of their home."
Instead of creating jobs simply for the sake of employing the unemployed, Pissarides suggested that governments for example subsidise jobs usually held
by women on maternity leave.
But if the states go to the trouble of making such meaningful and productive jobs available they need to make sure they are helping people who really want to work, he said.
If people are offered work but turn it down, "it's like saying: 'Yes, I'm available for a job but I don't want it," he pointed out.
"I don't think unemployment benefits should be given to those who generally
don't want jobs. They should be given to people who want a job but can't find
it," Pissarides said.
What do you think? Leave your comment below.
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Instead of first cutting the subsides, why do not open an deeper investigation about what is causing this high supply and low demand? We have not read any other alternatives to that situation besides the one saying people do not want to work. It is a plausible opinion, just a little narrowed - minded to be fully accepted. The problems in a country can not be caused for just one reason.
Also, this situation is perfectly normal after an economical crisis, until people start adjust again to the market it takes some time. Maybe Christopher Pissarides`idea is just a little bit too early.
I accept different opinions, as long as constructive and free of any kind of hate.
Thank you!
You know what they say about assumptions.....they are the mother of all F-ups.
In the USA we are stuck with Quantitative Easing, a very indirect way of stimulating business and reducing unemployment. Providing a real benefit to a business in the form of tax savings makes more sense. Unfortunately, Congress, who has the power to legislate tax policy, is useless so we are left with the Federal Reserve to run the government.
I just got this impression that it is one of those things that seems to work perfect in theory, but in reality it can either be incredibly effective or very disastrous.
What is needed here, like others have also written here, is to find out the cause of why so many are unemployed. When they find cause and effect, then they know where the problem is and should be able to find a solution for it.
half of the posts here are merely questioning the validity of Economics as a subject for study or as a Nobel award.
I agree with the post about a pilot scheme; too often these ideas springing from "think-tanks" or political dogma are blindly implemented by newly-elected governments and then adhered to, regardless, in a M Thatcher "no U-turn" state of mind.