costs associated with long-term unemployment. It is argued that only a small minority of the long-term unemployed had high … 'voluntary' unemployment and it is found that, in general, the long-term unemployed should not be regarded as 'workshy' or …Long-term unemployment was regarded by contemporaries in the 1930's as a major problem but analysis of it has been …

unemployment this made sense. A bargaining model approach suggests, however, that this had a harmful impact on productivity growth …

The relationship between unemployment and the rate of change of money wages in interwar Britain is re-examined. It is … level of excess demand associated with the measured unemployment rate. In particular, the evidence suggests that long …-term unemployment did not act as a restraint on the growth of money wages. New estimates of the wage equation imply that the NAIRU rose …