Earnings, Unemployment, and Housing in Britain.
This paper models regional earnings and unemployment in the ten regions of Great Britain between 1972 and 1995, paying particular attention to their interaction and to the important influence of the housing market. In contrast to Blanchard and Katz (1992, 1997) for the United States, we find less pe...
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| Format: | Journal article |
| Language: | English |
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2001
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| _version_ | 1797102940055404544 |
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| author | Cameron, G Muellbauer, J |
| author_facet | Cameron, G Muellbauer, J |
| author_sort | Cameron, G |
| collection | OXFORD |
| description | This paper models regional earnings and unemployment in the ten regions of Great Britain between 1972 and 1995, paying particular attention to their interaction and to the important influence of the housing market. In contrast to Blanchard and Katz (1992, 1997) for the United States, we find less persistence in British regional earnings differentials but greater persistence in regional unemployment rates. We find no evidence of a negative effect of the overall unemployment rate on the earnings of men in non-manual, or women in full-time, employment. However, for manual men, we find a significant elasticity of around -0.07, comparable with Blanchflower and Oswald (1994). |
| first_indexed | 2024-03-07T06:12:58Z |
| format | Journal article |
| id | oxford-uuid:f025889e-5ff9-4289-ad19-f20c5c4411d2 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T06:12:58Z |
| publishDate | 2001 |
| record_format | dspace |
| spelling | oxford-uuid:f025889e-5ff9-4289-ad19-f20c5c4411d22022-03-27T11:45:43ZEarnings, Unemployment, and Housing in Britain.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:f025889e-5ff9-4289-ad19-f20c5c4411d2EnglishDepartment of Economics - ePrints2001Cameron, GMuellbauer, JThis paper models regional earnings and unemployment in the ten regions of Great Britain between 1972 and 1995, paying particular attention to their interaction and to the important influence of the housing market. In contrast to Blanchard and Katz (1992, 1997) for the United States, we find less persistence in British regional earnings differentials but greater persistence in regional unemployment rates. We find no evidence of a negative effect of the overall unemployment rate on the earnings of men in non-manual, or women in full-time, employment. However, for manual men, we find a significant elasticity of around -0.07, comparable with Blanchflower and Oswald (1994). |
| spellingShingle | Cameron, G Muellbauer, J Earnings, Unemployment, and Housing in Britain. |
| title | Earnings, Unemployment, and Housing in Britain. |
| title_full | Earnings, Unemployment, and Housing in Britain. |
| title_fullStr | Earnings, Unemployment, and Housing in Britain. |
| title_full_unstemmed | Earnings, Unemployment, and Housing in Britain. |
| title_short | Earnings, Unemployment, and Housing in Britain. |
| title_sort | earnings unemployment and housing in britain |
| work_keys_str_mv | AT camerong earningsunemploymentandhousinginbritain AT muellbauerj earningsunemploymentandhousinginbritain |