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A Quarterly Model of the Labour Market in Interwar Britain

Hatton, T (1988) 'A Quarterly Model of the Labour Market in Interwar Britain.' Oxford Bulletin of Economics and Statistics, 50 (1). pp. 1-25. ISSN 0305-9049

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Abstract

In this paper, the author estimates and tests a three-equation labor-market model for the interwar period on quarterly data. The results for employment indicate that real wage effects can be i dentified in the presence of other variables and that the real wage m akes a significant contribution to variations in employment over the cycle. For the insured labor force wage, effects are hard to identify in the presence of variables reflecting the stance of the insurance system and demographic factors. Alternative views of why unemployment persisted in the 1920s and 1930s are addressed by examining the wage equation.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 19 Jul 2012 13:16
Last Modified: 06 Jan 2022 13:17
URI: http://repository.essex.ac.uk/id/eprint/3358

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