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The Causes of British Unemployment

Published online by Cambridge University Press:  26 March 2020

R. Layard  and
S. Nickell
R. Layard
Affiliation:
Centre for Labour Economics at the London School of Economics
S. Nickell
Affiliation:
Institute of Economics and Statistics at the University of Oxford
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Extract

Unemployment in Britain has risen from around 2 per cent in the late 1950s and early 1960s to around 3 per cent today. What accounts for this astonishing increase?

Type
Articles
Information
National Institute Economic Review , Volume 111 , February 1985 , pp. 62 - 85
Copyright
Copyright © 1985 National Institute of Economic and Social Research

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Footnotes

We are deeply grateful to Sushil Wadhwani and, above all, Paul Kong for help in this research. Many colleagues have provided valuable comments, especially M. Beenstock, A. Britton, D. Grubb, R. Jackman, P. Minford, A. Oswald, D. Savage, J. Symons and members of the Treasury Academic Panel. We are grateful for financial support from the Economic and Social Research Council, the Esmee Fairbairn Charitable Trust and HM Treasury.

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