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).
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.view paper