This paper is motivated by the lack of any obvious relationship betweenaggregate poverty and unemployment in Great … Britain. We derive aframework based on individuals’ risks of unemployment and poverty,and how these vary over the economic … cycle. Analysing the BritishHousehold Panel Survey for 1991-96, we are able to square the microevidence — that unemployment …

autoregressions of a latent mortality variable and of unemployment andGDP growth as main business cycle indicators. We find that young … other age classes between childhood and old age react with lowermortality to increased unemployment or decreased GDP growth …

and an unemployment insurancescheme. It is shown that the consequences for the labor market and the welfareof natives …