“Permanent Unemployment” and the Unemployment Insurance System in the United Kingdom

Yasuo Gonjo ()
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Yasuo Gonjo: Yokohama National University

Chapter Chapter 3 in The Truth of Liberal Economy, 2023, pp 15-21 from Springer

Abstract: Abstract This chapter discusses two papers published by Rueff in 1925 and 1931 on “permanent unemployment,” which became a matter of social and political concern after WWI. In these papers, Rueff attributes the high unemployment rate in Britain to the “traditional power of trade unions” and the “unemployment insurance system.” The unemployment insurance system introduced in 1911, according to Rueff, “encourages workers to choose unemployment and obtain unemployment insurance when wages fall below a certain level.”

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spshcp:978-981-99-0841-7_3

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DOI: 10.1007/978-981-99-0841-7_3

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