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New Estimates of British Unemployment, 1870-1913

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Abstract

We present new estimates of the British industrial unemployment rate for 1870- 1913, which improve on the Board of Trade's prior estimates. We use similar sources, but our series includes additional industrial sectors, allows for short-time working, and aggregates the various sectors using appropriate labor-force weights from the census. The resulting index suggests a rate of industrial unemployment that was generally higher, but less volatile, than the board's index. We then adjust our series to an economywide basis, and construct a consistent time series of overall unemployment for 1870-1999.

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2002-09-01

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unemployment; industry; labor market; Great Britain; economics

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Government Document

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Required Publisher Statement: © Cambridge University Press. Reprinted with permission. All rights reserved.

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unassigned

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