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New Estimates Of British Unemployment, 1870 1913

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  • Boyer, George R.
  • Hatton, Timothy J.

Abstract

We present new estimates of the British industrial unemployment rate for 1870 1913, which improve on the Board of Trade s prior estimates. We use similar sources, but our series includes additional industrial sectors, allows for short-time working, and aggregates the various sectors using appropriate labor-force weights from the census. The resulting index suggests a rate of industrial unemployment that was generally higher, but less volatile, than the board s index. We then adjust our series to an economywide basis, and construct a consistent time series of overall unemployment for 1870 1999.

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Bibliographic Info

Article provided by Cambridge University Press in its journal The Journal of Economic History.

Volume (Year): 62 (2002)
Issue (Month): 03 (September)
Pages: 643-675

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Handle: RePEc:cup:jechis:v:62:y:2002:i:03:p:643-675_00

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Cited by:
  1. Nicholas Crafts & Terence C. Mills, 2012. "Rearmament to the Rescue? New Estimates of the Impact of ‘Keynesian’ Policies in 1930s’ Britain," Working Papers 0031, European Historical Economics Society (EHES).
  2. 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.
  3. Rockoff, Hugh & White, Eugene N., 2012. "Monetary Regimes and Policy on a Global Scale: The Oeuvre of Michael D. Bordo," MPRA Paper 49672, University Library of Munich, Germany, revised May 2013.
  4. Nicholas Crafts & Peter Fearon, 2010. "Lessons from the 1930s Great Depression," Oxford Review of Economic Policy, Oxford University Press, vol. 26(3), pages 285-317, Autumn.
  5. Bodenhorn, Howard & Guinnane, Timothy W. & Mroz, Thomas A., 2013. "Problems of Sample-Selection Bias in the Historical Heights Literature: A Theoretical and Econometric Analysis," Working Papers 114, Yale University, Department of Economics.
  6. Jong, H. de & Woltjer, P., 2009. "A Comparison of Real Output and Productivity for British and American Manufacturing in 1935," GGDC Research Memorandum GD-108, Groningen Growth and Development Centre, University of Groningen.
  7. 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.
  8. George Chouliarakis, 2003. "Unemployment and Capital Accumulation in Interwar Britain," Economics Discussion Papers 565, University of Essex, Department of Economics.
  9. repec:ese:iserwp:2006-15 is not listed on IDEAS

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