[Review of the book 'Interwar Unemployment in International Perspective']
Boyer, George R.
[Excerpt] The book redresses two imbalances in the recent literature on interwar unemployment: its almost exclusive focus on the United States and Britain, and its predominantly macroeconomic nature. To achieve these goals, the editors encouraged the authors of the country studies to address a set of microeconomic issues, including the extent to which the incidence and duration of unemployment varied across economic and demographic groups, and the effect of unemployment on labor force participation and poverty. Two macroeconomic issues also are addressed in several of the papers: the effects of real wages and of unemployment insurance on unemployment. These two issues have been hotly debated in the recent literature on interwar unemployment in the United States and Britain, and their discussion here for other industrialized countries represents a significant addition to the current debate.
unemployment; demographics; interwar period; United States; Britain
Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.