We argue that the 1970s were characterized by attempts to maintain a cooperative, low unemployment equilibrium in the …, explains the initial rise in unemployment. The reduction in union power also helps to explain the acceleration in productivity …

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 …

We extend the `rational-partisan' model of inflation to allow for the effects of unemployment persistence on the … to the failure of political parties to precommit to price stability, in the light of unemployment persistence. Elections …

During the 1980s youth unemployment rates have persistently exceeded unemployment rates for adults, in Britain as in … other OECD countries. In the interwar period, youth unemployment rates in Britain were dramatically lower than those for … in the cyclical sensitivity of youth unemployment between the interwar and postwar periods, apparently attributable to …

has been a worsening in the trade-off between unemployment and inflation. The poor unemployment/inflation trade-off is due … to the neglect of skill training and education (causing skill shortages) and to the build-up of long-term unemployment …

determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment … and wage differentials arise. Because unemployment benefits set a floor beneath the supply price of labor, as these … differentials rise, so too does the national unemployment rate (in declining regions unemployment is the major response, in growing …

Using data from the 1981 Family Expenditure Survey we estimate a logit model for the choice between unemployment and … characteristics of the households in the survey and unemployment rates in the industries in which the households usually work. The … influence of tax-benefit reforms on unemployment using an equation that attaches a moderately strong prior belief to the theory. …

previous level. Especially for unemployment we find large effects of an increased foreign share. We conjecture that these … results might be spurious. Foreigners tend to be concentrated in lower unemployment areas but unemployment tends to be mean … unemployment. Taking account of the mean reversion in unemployment we find no detrimental effect of immigration. Similar results …

elasticities for those who experienced unemployment during the previous year and those on higher incomes; for average employed men …