-taken to support the hypothesis that high rates of homeownership lead to high unemploy-ment via increases in the reservation …

The persistence of high unemployment has been one of the most puzzling developments of the past twenty years or so. In … the UK, unemployment averaged 2.1% between 1966 and 1973, and since 1974 it has risen to an average of 7.5%. The … prevailing view of the persistence of unemployment and of the continuous rise in the NAIRU is that explanations and solutions can …

unemployment. Most economists would today dismiss the idea immediately as another version of the naive 'lump-of-labor fallacy'. In … will reduce unemployment by offering jobs to those who are looking for ones. Taken to the extreme, this view would support … for instance were the population of a country to increase, younger individuals would be unemployed as older individuals …