Long-Term Unemployment in Britain in the 1930s

Nicholas Crafts ()

No 76, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Long-term unemployment was regarded by contemporaries in the 1930's as a major problem but analysis of it has been neglected in modern economists' research. This paper presents data on durations of unemployment and a measure of the welfare costs associated with long-term unemployment. It is argued that only a small minority of the long-term unemployed had high replacement ratios and that re-employment probabilities were duration dependent. Particular attention is given to the notion of 'voluntary' unemployment and it is found that, in general, the long-term unemployed should not be regarded as 'workshy' or engaged in 'search'.

Keywords: 1930s; Long-Term Unemployment; Voluntary Unemployment (search for similar items in EconPapers)
Date: 1985-10

Downloads: (external link)
http://www.cepr.org/pubs/dps/DP76.asp (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

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: http://EconPapers.repec.org/RePEc:cpr:ceprdp:76

Ordering information: This working paper can be ordered from
http://www.cepr.org/pubs/dps/DP76.asp

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers
Address: Centre for Economic Policy Research, 53--56 Great Sutton Street, London EC1V 0DG
Series data maintained by ().