Public Policy and Unemployment in Interwar France: An Empirical Approach
This paper introduces an empirical model of the French interwar labour market that is comparable to models developed for the British labour market for this period, yet incorporates specific extensions in order to capture the peculiarities of the French case. The result is a model that can very accurately stimulate the movement of unemployment in the 1920s and 1930s and this is used to run a series of counterfactual simulations to estimate the labour market effects of various public policies adopted at the time. Of particular note is the result that the repatriation drive of the early 1930s had no significant effect on the size of foreign labour force by 1936 and that the decision to remain on the Gold Standard until 1936 raised unemployment each year by more than primary policies introduced to combat unemployment - public works and repatriation of foreign workers - reduced it.
|Date of creation:||01 Dec 2000|
|Date of revision:|
|Contact details of provider:|| Postal: Manor Rd. Building, Oxford, OX1 3UQ|
Web page: http://www.economics.ox.ac.uk/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Eichengreen, Barry & Hatton, Tim, 1988. "Interwar Unemployment in International Perspective," Institute for Research on Labor and Employment, Working Paper Series qt7bw188gk, Institute of Industrial Relations, UC Berkeley.
- M. Ishaq Nadiri & Sherwin Rosen, 1974.
"A Disequilibrium Model of Demand for Factors of Production,"
National Bureau of Economic Research, Inc, number nadi74-1, September.
- M. Ishaq Nadiri & Sherwin Rosen, 1973. "A Disequilibrium Model of Demand for Factors of Production," NBER Books, National Bureau of Economic Research, Inc, number nadi73-1, September.
- Rosen, Sherwin & Nadiri, M Ishaq, 1974. "A Disequilibrium Model of Demand for Factors of Production," American Economic Review, American Economic Association, vol. 64(2), pages 264-70, May.
- Assar Lindbeck & Dennis J. Snower, 1989. "The Insider-Outsider Theory of Employment and Unemployment," MIT Press Books, The MIT Press, edition 1, volume 1, number 026262074x, December.
- Hatton, Timothy J., 1987.
"A Quarterly Model of the Labour Market in Interwar Britain,"
CEPR Discussion Papers
186, C.E.P.R. Discussion Papers.
- Hatton, T J, 1988. "A Quarterly Model of the Labour Market in Interwar Britain," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 50(1), pages 1-25, February.
- Barry J. Eichengreen & Jeffrey Sachs, 1984.
"Exchange Rates and Economic Recovery in the 1930s,"
NBER Working Papers
1498, National Bureau of Economic Research, Inc.
- Beenstock, Michael & Warburton, Peter J, 1986.
"The Market for Labour in Interwar Britain,"
CEPR Discussion Papers
105, C.E.P.R. Discussion Papers.
- Ben S. Bernanke, 1985.
"Employment, Hours, and Earnings in the Depression: An Analysis of EightManufacturing Industries,"
NBER Working Papers
1642, National Bureau of Economic Research, Inc.
- Bernanke, Ben S, 1986. "Employment, Hours, and Earnings in the Depression: An Analysis of EightManufacturing Industries," American Economic Review, American Economic Association, vol. 76(1), pages 82-109, March.
- Broadberry, S N, 1986. "Aggregate Supply in Interwar Britain," Economic Journal, Royal Economic Society, vol. 96(382), pages 467-81, June.
- Jacques Marseille, 1980. "Les origines « inopportunes » de la crise de 1929 en France," Revue Économique, Programme National Persée, vol. 31(4), pages 648-684.
- Nadiri, M Ishaq & Rosen, Sherwin, 1969. "Interrelated Factor Demand Functions," American Economic Review, American Economic Association, vol. 59(4), pages 457-71, Part I Se.
- Lindbeck, A. & Snower, D.J., 1989.
"Demand- And Supply-Side Policies And Unemployment: Policy Implications Of The Insider-Outside Approach,"
439, Stockholm - International Economic Studies.
- Lindbeck, Assar & Snower, Dennis J, 1990. " Demand- and Supply-Side Policies and Unemployment: Policy Implications of the Insider-Outsider Approach," Scandinavian Journal of Economics, Wiley Blackwell, vol. 92(2), pages 279-305.
- Lindbeck, Assar & Snower, Dennis J., 1989. "Demand- and Supply-Side Policies and Unemployment: Policy Implications of the Insider-Outsider Approach," CEPR Discussion Papers 329, C.E.P.R. Discussion Papers.
- Kokkelenberg, Edward C, 1983. "Interrelated Factor Demands Revisited," The Review of Economics and Statistics, MIT Press, vol. 65(2), pages 342-47, May.
- Dimsdale, Nicholas H & Horsewood, Nicholas, 1995. "Fiscal Policy and Employment in Interwar Britain: Some Evidence from a New Model," Oxford Economic Papers, Oxford University Press, vol. 47(3), pages 369-96, July.
- Benjamin, Daniel K & Kochin, Levis A, 1979. "Searching for an Explanation of Unemployment in Interwar Britain," Journal of Political Economy, University of Chicago Press, vol. 87(3), pages 441-78, June.
When requesting a correction, please mention this item's handle: RePEc:oxf:wpaper:55. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Monica Birds)
If references are entirely missing, you can add them using this form.