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New estimates of British unemployment, 1870-1913

Boyer, GR and Hatton, TJ (2002) 'New estimates of British unemployment, 1870-1913.' Journal of Economic History, 62 (3). 643 - 675. ISSN 0022-0507

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We present new estimates of the British industrial unemployment rate for 1870-1913, which improve on the Board of Trade's prior estimates. We use similar sources, but our series includes additional industrial sectors, allows for short-time working, and aggregates the various sectors using appropriate labor-force weights from the census. The resulting index suggests a rate of industrial unemployment that was generally higher, but less volatile, than the board's index. We then adjust our series to an economywide basis, and construct a consistent time series of overall unemployment for 1870-1999.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 06 Aug 2012 11:44
Last Modified: 23 Jan 2019 00:17

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