The jobless recovery after the 1980–1981 British recession

B-Tier
Journal: Explorations in Economic History
Year: 2023
Volume: 90
Issue: C

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:exehis:v:90:y:2023:i:c:s0014498323000396
Journal Field
Economic History
Author Count
1
Added to Database
2026-01-28