The jobless recovery after the 1980-1981 UK recession
Extensive research has been conducted on the concept of jobless recoveries and their potential causes, primarily focused on the United States from the 1990s. This paper finds that the prolonged employment downturn following the brief 1980–1981 recession in Britain qualifies as a jobless recovery and...
| Автор: | |
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| Формат: | Working paper |
| Мова: | English |
| Опубліковано: |
University of Oxford
2023
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| _version_ | 1826310855338229760 |
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| author | Paker, MM |
| author_facet | Paker, MM |
| author_sort | Paker, MM |
| collection | OXFORD |
| description | Extensive research has been conducted on the concept of jobless recoveries and their potential causes, primarily focused on the United States from the 1990s. This paper finds that the prolonged employment downturn following the brief 1980–1981 recession in Britain qualifies as a jobless recovery and then investigates possible contributing factors: labor reallocation across industries, regional employment changes, and job polarization. The United States, which did not have a jobless recovery from the early 1980s recession, is taken as a comparison case. I find that the leading candidate explanation for this jobless recovery is the reallocation of labor across industries. This suggests an important role for structural change in the early 1980s recession and in jobless recoveries more generally |
| first_indexed | 2024-03-07T07:58:10Z |
| format | Working paper |
| id | oxford-uuid:e175f221-304f-4c6a-a473-3585d7b45a63 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T07:58:10Z |
| publishDate | 2023 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:e175f221-304f-4c6a-a473-3585d7b45a632023-09-01T15:17:46ZThe jobless recovery after the 1980-1981 UK recessionWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:e175f221-304f-4c6a-a473-3585d7b45a63EnglishBulk import via SwordSymplectic ElementsUniversity of Oxford2023Paker, MMExtensive research has been conducted on the concept of jobless recoveries and their potential causes, primarily focused on the United States from the 1990s. This paper finds that the prolonged employment downturn following the brief 1980–1981 recession in Britain qualifies as a jobless recovery and then investigates possible contributing factors: labor reallocation across industries, regional employment changes, and job polarization. The United States, which did not have a jobless recovery from the early 1980s recession, is taken as a comparison case. I find that the leading candidate explanation for this jobless recovery is the reallocation of labor across industries. This suggests an important role for structural change in the early 1980s recession and in jobless recoveries more generally |
| spellingShingle | Paker, MM The jobless recovery after the 1980-1981 UK recession |
| title | The jobless recovery after the 1980-1981 UK recession |
| title_full | The jobless recovery after the 1980-1981 UK recession |
| title_fullStr | The jobless recovery after the 1980-1981 UK recession |
| title_full_unstemmed | The jobless recovery after the 1980-1981 UK recession |
| title_short | The jobless recovery after the 1980-1981 UK recession |
| title_sort | jobless recovery after the 1980 1981 uk recession |
| work_keys_str_mv | AT pakermm thejoblessrecoveryafterthe19801981ukrecession AT pakermm joblessrecoveryafterthe19801981ukrecession |