Citation

Discussion Paper Details

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Title: Long-Term Unemployment in Britain in the 1930s

Author(s): Nicholas Crafts

Publication Date: October 1985

Keyword(s): 1930s, Long-Term Unemployment and Voluntary Unemployment

Programme Area(s): Human Resources

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'.

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Bibliographic Reference

Crafts, N. 1985. 'Long-Term Unemployment in Britain in the 1930s'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=76