The Microeconomics of Depression Unemployment
(658 K)
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NBER Historical Working Paper No. 18
Issued in December 1990
NBER Program(s): DAE
Microeconomic evidence reveals that the incidence and duration of unemployment in the 1930s varied significantly within the labor force. Long-term unemployment, which was especially high by historical standards, may have been exacerbated by federal relief policies.
Published: Journal of Economic History, Vol.51, No.2, June 1991, pp.333-341.
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