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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 – A VoxEU.org Book – CEPR 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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