EconPapers    
Economics at your fingertips  
 

Unemployment in Britain: Some more Questions

Simon Kirby (s.kirby@niesr.ac.uk)

No 293, National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research

Abstract: Recent time series evidence favouring a supply-side interpretation of long-run unemployment in the UK is based on the finding of cointegration between unemployment and wage pressure variables. We show that this is necessary but not sufficient. The key assumptions in recent work, that a single relation exists between unemployment and wage pressure variables and that the causality is from these variables to unemployment, both appear to be invalid. In the light of this, and evidence of its serious parameter instability, this model of long-run UK unemployment seems flawed.

Date: 2007-04
New Economics Papers: this item is included in nep-eec and nep-lab
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.niesr.ac.uk/wp-content/uploads/2021/10/dp293-3.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nsr:niesrd:293

Access Statistics for this paper

More papers in National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research 2 Dean Trench Street Smith Square London SW1P 3HE. Contact information at EDIRC.
Bibliographic data for series maintained by Library & Information Manager (library@niesr.ac.uk).

 
Page updated 2024-11-28
Handle: RePEc:nsr:niesrd:293