Richard Layard
Research Fellow

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Layard Richard Layard is Emeritus Professor of Economics at the London School of Economics, where he was until 2003 the founder-director of the Centre for Economic Performance. He now heads the Centre’s Programme on Well-Being. Since 2000 he has been a member of the House of Lords.

He has written widely on unemployment, inflation, education, inequality and post-Communist reform. He was an early advocate of the welfare-to-work approach to unemployment, and co-authored the influential book Unemployment: Macroeconomic Performance and the Labour Market (OUP 1991).

From 1997-2001 he helped implement these policies as a consultant to the Labour government. He was also involved in the educational policy development of post-16 year olds.

His current research focus is on happiness, aiming to achieve a unified understanding of the insights of economics, psychology, neuroscience and philosophy. He also have strong interests in unemployment and educational policy.

He joined IZA as a Research Fellow in January 2004.
In 2008 he received the IZA Prize in Labor Economics jointly with Stephen Nickell.
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IZA World of Labor article: The economics of mental health
IZA Discussion Papers:
No. Author(s)
9224  Sarah Flèche
Richard Layard
Do More of Those in Misery Suffer from Poverty, Unemployment or Mental Illness?
7682  Richard Layard
Andrew E. Clark
Francesca Cornaglia
Nattavudh Powdthavee
James Vernoit
What Predicts a Successful Life? A Life-Course Model of Well-Being
(published in: Economic Journal, 2014, 124 (580), F720- F738)
7620  Richard Layard
Dan Chisholm
Vikram Patel
Shekhar Saxena
Mental Illness and Unhappiness