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 …

What are the tradeoffs that the public is willing to accept between inflation and unemployment? We find that people … dislike unemployment more than inflation. This is true for both Europe and Latin America. For the latter, the aversion to … unemployment relative to inflation is much greater. Moreover, in both regions, the poor's distaste for unemployment relative to …