Henry, Brian; Karanassou, Marika; Snower, Dennis J. - 1999
This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment …) past UK labour market shocks have prolonged after-effects on unemployment due to interactions among different lagged … adjustment processes in the labour market, (b) many of the important shocks that have hit the UK labour market over the past 25 …