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Unemployment Incidence in Interwar London

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  • Hatton, Timothy J
  • Bailey, Roy E

Abstract

The causes of unemployment incidence in interwar Britain have been the subject of much debate since Benjamin and Kochin claimed that it was due largely to generous unemployment benefits. We use the records for 30,000 workers from the New Survey of London Life and Labour (1929-31) to estimate the determinants of unemployment incidence. We find no significant effects of the benefit-wage ratio on the unemployment probability for adult males when we allow for skill and industry effects. Separate regressions for younger males and for females also fail to reveal significant effects from unemployment benefits on the pattern of unemployment incidence. Copyright 2002 by The London School of Economics and Political Science

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Bibliographic Info

Article provided by London School of Economics and Political Science in its journal Economica.

Volume (Year): 69 (2002)
Issue (Month): 276 (November)
Pages: 631-54

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Handle: RePEc:bla:econom:v:69:y:2002:i:276:p:631-54

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Cited by:
  1. Hatton, Timothy J. & Thomas, Mark, 2010. "Labour Markets in the Interwar Period and Economic Recovery in the UK and the USA," CEPR Discussion Papers 7983, C.E.P.R. Discussion Papers.
  2. Timothy J. Hatton, 2007. "Can Productivity Growth Explain the NAIRU? Long-Run Evidence from Britain, 1871-1999," Economica, London School of Economics and Political Science, vol. 74(295), pages 475-491, 08.
  3. Timothy J. Hatton & Roy >. Bailey, 2000. "Seebohm Rowntree and the postwar poverty puzzle," Economic History Review, Economic History Society, vol. 53(3), pages 517-543, 08.
  4. James M. Nason & Shaun P. Vahey, 2009. "U.K. World War I and interwar data for business cycle and growth analysis," Working Paper 2009-18, Federal Reserve Bank of Atlanta.
  5. Timothy J. Hatton & Mark Thomas, 2012. "Labour Markets in Recession and Recovery: The UK and the USA in the 1920s and 1930s," CEH Discussion Papers 001, Centre for Economic History, Research School of Economics, Australian National University.

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