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Long Term Unemployment After the Great Recession: Causes and Remedies

Long-Term Unemployment After the Great Recession: Causes and Remedies

By Michael Elsby, Jennifer C. Smith and Jonathan Wadsworth

Published in E-Book edited by Samuel Bentolila and Marcel Jansen РA VoxEU.org Book РCEPR Press (Chapter 12).

Abstract

It is now more than thirty years since the UK was shaken by the emergence of widespread incidence of long-term unemployment (LTU). Since then, a whole raft of economic modelling and policy responses have been directed at the problem. In this chapter we provide a brief overview of recent trends in LTU in the UK, and set them in their historical and policymaking contexts.

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