Projects per year
Abstract
Long‐term unemployment more than doubled during the United Kingdom's Great Recession. Only a small fraction of this persistent increase can be accounted for by the changing composition of unemployment across personal and work history characteristics. Through extending a well‐known stocks‐flows decomposition of labour market fluctuations, the cyclical behaviour of participation flows can account for over two‐thirds of the high level of long‐term unemployment following the financial crisis, especially the procyclical flow from unemployment to inactivity. The pattern of these flows and their changing composition suggest a general shift in the labour force attachment of the unemployed during the downturn.
Original language | English |
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Pages (from-to) | 105-126 |
Number of pages | 22 |
Journal | Scottish Journal of Political Economy |
Volume | 65 |
Issue number | 2 |
Early online date | 19 Jul 2017 |
DOIs | |
Publication status | Published - May 2018 |
Keywords
- long-term unemployment
- worker flows
- labour force participation
- Great Recession
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Dive into the research topics of 'Long-term unemployment and the Great Recession: Evidence from UK stocks and flows'. Together they form a unique fingerprint.Projects
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Activities
- 1 Participation in conference
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Work, Pensions and Labour Economics Study Group Conference
Carl Singleton (Speaker)
Jul 2017Activity: Participating in or organising an event types › Participation in conference