Richard Layard, Stephen Nickell, and Richard Jackman
- Published in print:
- 2005
- Published Online:
- October 2011
- ISBN:
- 9780199279166
- eISBN:
- 9780191700033
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199279166.003.0009
- Subject:
- Economics and Finance, Macro- and Monetary Economics
The chapter investigates the different trends in post-war unemployment across nineteen OECD countries. The initial step is to calibrate the fundamental equations and it is found that the estimated ...
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The chapter investigates the different trends in post-war unemployment across nineteen OECD countries. The initial step is to calibrate the fundamental equations and it is found that the estimated parameters enable the unemployment movements to be explained, that is until 1985. Some of the basic parameters can be connected to different economic and socio-political features of the various countries, having success with the wage equation parameters but not with price-setting. This failure was due to the inability to find uniform measures of product-market characteristics across the nineteen countries. Finally, a case study is given in Britain based on the open-economy model, producing estimates of the three-way trade-off between unemployment, inflation, and trade deficit.Less
The chapter investigates the different trends in post-war unemployment across nineteen OECD countries. The initial step is to calibrate the fundamental equations and it is found that the estimated parameters enable the unemployment movements to be explained, that is until 1985. Some of the basic parameters can be connected to different economic and socio-political features of the various countries, having success with the wage equation parameters but not with price-setting. This failure was due to the inability to find uniform measures of product-market characteristics across the nineteen countries. Finally, a case study is given in Britain based on the open-economy model, producing estimates of the three-way trade-off between unemployment, inflation, and trade deficit.
- Published in print:
- 2009
- Published Online:
- June 2013
- ISBN:
- 9781846312007
- eISBN:
- 9781846315138
- Item type:
- chapter
- Publisher:
- Liverpool University Press
- DOI:
- 10.5949/liverpool/9781846312007.003.0002
- Subject:
- History, British and Irish Modern History
This chapter explores the inter-locking causes of the seaport riots. These included the high level of post-war unemployment in the merchant navy and the tension caused in overcrowded ports by the ...
More
This chapter explores the inter-locking causes of the seaport riots. These included the high level of post-war unemployment in the merchant navy and the tension caused in overcrowded ports by the arrival of increased numbers of black people to work and settle. The social dislocation produced by the end of the war and the problems created by four and half years of conflict are also evaluated. In 1919, rioting in the ports constituted a wider part of dissent and violence among sections of the working class left disenchanted by their peacetime prospects. The National Seamen's and Firemen's Union (NSFU) was the oldest and largest seamen's union and traditionally adopted an ambivalent stance to the presence of sailors from overseas on British ships. The compliant behaviour of the NSFU left many merchant sailors feeling powerless. Furthermore, colonial workers in France were involved in riots.Less
This chapter explores the inter-locking causes of the seaport riots. These included the high level of post-war unemployment in the merchant navy and the tension caused in overcrowded ports by the arrival of increased numbers of black people to work and settle. The social dislocation produced by the end of the war and the problems created by four and half years of conflict are also evaluated. In 1919, rioting in the ports constituted a wider part of dissent and violence among sections of the working class left disenchanted by their peacetime prospects. The National Seamen's and Firemen's Union (NSFU) was the oldest and largest seamen's union and traditionally adopted an ambivalent stance to the presence of sailors from overseas on British ships. The compliant behaviour of the NSFU left many merchant sailors feeling powerless. Furthermore, colonial workers in France were involved in riots.
