Data and code: The jobless recovery after the 1980–1981 British recession
Principal Investigator(s): View help for Principal Investigator(s) Meredith Paker, Grinnell College
Version: View help for Version V3
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Project Description
Summary:
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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 was 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.
Scope of Project
Subject Terms:
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jobless recovery;
structural change;
job polarization;
industrial reallocation;
Okun's law
Geographic Coverage:
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United Kingdom
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