larger unemployment benefits increased U.K. unemployment post-World War I (WWI). The Benjamin-Kochin (BK) regression is easy … fluctuations created inefficient factor input allocations that drove up interwar U.K. unemployment …

-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 …