Unemployment as a way of life

Andrew Stuart
The recession of 1982/83 pushed a cohort of the unemployed into long-term unemployment. The remaining members of this cohort are now at unemployment durations of three or more years. They continue to have a strong effect on the measured unemployment rate as well as on average unemployment durations. The recession effected a qualitative change in the nature of unemployment in Australia. A sizeable population of the long-term unemployed now exists for the first time since...
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