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The Microeconomics of Depression Unemployment

Robert Margo

The Journal of Economic History, 1991, vol. 51, issue 2, 333-341

Abstract: Microeconomic evidence reveals that the incidence and duration of unemployment in the 1930s varied significantly within the labor force. Long-term unemployment, which was especially high by historical standards, may have been exacerbated by federal relief policies.

Date: 1991
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