Richard Layard

Research Fellow

London School of Economics

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.


IZA Publications

IZA Discussion Paper No. 15279
published as 'Do wages underestimate the inequality in workers’ rewards? The joint distribution of job quality and wages across occupations' in: Economica, 2024, 91 (362), 497-546
IZA Discussion Paper No. 12720
published in: Behavioural Public Policy, 2020, 4(2), 126–165
IZA Discussion Paper No. 7682
published in: Economic Journal, 2014, 124 (580), F720- F738
IZA Discussion Paper No. 7620
IZA World of Labor Article