Taming The Unemployment Problem: The U.K. Way

Paper Summary:

This paper presents a history of the unemployment problem in the U.K. and looks at how the government was able to meet the challenge it presented head-on and succeed in overcoming it. The paper outlines the history of the UK's unemployment problem from the 1960s to the 1980s, describes the UK labor market during that period and discusses the UK strategy for meeting the challenge of unemployment.

Table of Contents
Introduction
Theoretical and Empirical Background
The UK Labor Market
The UK Strategy

From the Paper:

"But the real story lies in how these countries met the challenge head-on and succeeded in overcoming it. On that basis, Austria and Norway are considered the best performers for keeping their unemployment rates below 5 per cent until 1999. From 3.6 per cent in 1983-88, unemployment in Austria rose slightly to 3.7 per cent in 1989-94, 4.2 percent in 1995-97, 4.7 per cent in 1998 and 4.5 per cent in 199. In Norway, the figure was 2.7 per cent in 1983-88, 5.5 pre cent in 1989-94, 4.7 per cent in 1995-97, 3.3 per cent in 1998 and leveling off at 2.9 per cent in 1999."

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