Hatton, Timothy J.; Thomas, Mark - In: Oxford Review of Economic Policy 26 (2010) 3, pp. 463-485
We examine the labour-market experience of the UK and the US in the recessions of the early 1920s and the early 1930s and the subsequent recoveries. These were deep recessions, comparable to that of 2008--9, but the recoveries were very different. In the UK the recovery of the 1920s was...
