Wages and unemployment in interwar Britain

Michael Beenstock; Peter Warburton

doi:10.1016/0014-4983(86)90011-2

Wages and unemployment in interwar Britain

Michael Beenstock^*
, Peter Warburton

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

28 Scopus citations

Abstract

We argue that relatively rapid real wage growth was a major cause of the increase in British unemployment in 1929-1932 and the subsequent abatement in unemployment during 1933-1937 reflected the moderation of real wages. Real wages influenced both the demand and the supply of labor. However, employment in manufacturing was particularly affected. In arriving at these conclusions we develop alternative theories of the demand for labor and the supply of labor which we then test empirically over the period 1922-1938.

Original language	English
Pages (from-to)	153-172
Number of pages	20
Journal	Explorations in Economic History
Volume	23
Issue number	2
DOIs	https://doi.org/10.1016/0014-4983(86)90011-2
State	Published - Apr 1986
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure
SDG 10 Reduced Inequalities

Access to Document

10.1016/0014-4983(86)90011-2

Cite this

@article{faa302de8e7f4562bb8caf45cc7351f7,

title = "Wages and unemployment in interwar Britain",

abstract = "We argue that relatively rapid real wage growth was a major cause of the increase in British unemployment in 1929-1932 and the subsequent abatement in unemployment during 1933-1937 reflected the moderation of real wages. Real wages influenced both the demand and the supply of labor. However, employment in manufacturing was particularly affected. In arriving at these conclusions we develop alternative theories of the demand for labor and the supply of labor which we then test empirically over the period 1922-1938.",

author = "Michael Beenstock and Peter Warburton",

year = "1986",

month = apr,

doi = "10.1016/0014-4983(86)90011-2",

language = "אנגלית",

volume = "23",

pages = "153--172",

journal = "Explorations in Economic History",

issn = "0014-4983",

publisher = "Academic Press Inc.",

number = "2",

}

TY - JOUR

T1 - Wages and unemployment in interwar Britain

AU - Beenstock, Michael

AU - Warburton, Peter

PY - 1986/4

Y1 - 1986/4

N2 - We argue that relatively rapid real wage growth was a major cause of the increase in British unemployment in 1929-1932 and the subsequent abatement in unemployment during 1933-1937 reflected the moderation of real wages. Real wages influenced both the demand and the supply of labor. However, employment in manufacturing was particularly affected. In arriving at these conclusions we develop alternative theories of the demand for labor and the supply of labor which we then test empirically over the period 1922-1938.

AB - We argue that relatively rapid real wage growth was a major cause of the increase in British unemployment in 1929-1932 and the subsequent abatement in unemployment during 1933-1937 reflected the moderation of real wages. Real wages influenced both the demand and the supply of labor. However, employment in manufacturing was particularly affected. In arriving at these conclusions we develop alternative theories of the demand for labor and the supply of labor which we then test empirically over the period 1922-1938.

UR - https://www.scopus.com/pages/publications/5844416381

U2 - 10.1016/0014-4983(86)90011-2

DO - 10.1016/0014-4983(86)90011-2

M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???

AN - SCOPUS:5844416381

SN - 0014-4983

VL - 23

SP - 153

EP - 172

JO - Explorations in Economic History

JF - Explorations in Economic History

IS - 2

ER -

Wages and unemployment in interwar Britain

Abstract

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this