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in Britain between 1889-90 using data from the US Commissioner of Labour survey conducted at that time. The determinants …
Persistent link: https://www.econbiz.de/10005788943
unemployment insurance on labour supply. A review of the evidence leads us to stress the importance of non-market clearing as the … labour immobility were not such an important cause of interwar unemployment as is sometimes thought. …This paper gives an overview of quantitative work on the interwar labour market, a topic which has received growing …
Persistent link: https://www.econbiz.de/10005666665
labour productivity do matter, but they go only part of the way towards explaining wide swings in average unemployment across … growth and the Non-Accelerating Inflation Rate of Unemployment (NAIRU). Because productivity trends evolve slowly, such …-equation model of unemployment and wage setting, that incorporates productivity effects, is estimated over the whole period allowing …
Persistent link: https://www.econbiz.de/10005123578
to full employment in interwar Britain while in the US, New Deal legislation impeded labour market adjustment in the 1930 …We examine the labour market experience of the UK and the US in the recessions of the early 1920s and the early 1930s … the 1930s. A key ingredient to understanding these patterns is the interaction between economic shocks and labour market …
Persistent link: https://www.econbiz.de/10008611014
sectors based on proxies for employment. These are weighted according to labour force shares but the index still excludes …Existing estimates of the annual unemployment rate from 1870 to 1913 were constructed by the Board of Trade, initially … number unemployed in various trade unions and it has a number of well known flaws. The index is weighted by membership of …
Persistent link: https://www.econbiz.de/10005666759
Persistent link: https://www.econbiz.de/10005792363
-39. Individual equations for insured employment, insured unemployment and the nominal wage rate are estimated and tested. The results …The paper analyses the determinants of interwar unemployment using a previously unexploited quarterly data set for 1924 … indicate that the real wage was an important determinant of employment but not of the labor force, where demographic variables …
Persistent link: https://www.econbiz.de/10005656339