Throughout the 1980s, the British unemployment compensation system was subject to a series of administrative changes. At the same time, the proportion of male unemployed workers receiving benefit fell by some twenty percentage points. Using a time series of cross-sections from the Labour Force...

The U.S. economy faces enormous questions and challenges as it attempts to recover from the col-lapse of 2008-09. Some of the most pressing questions are a series of longer-term, structural chal-lenges: Can we establish a growth engine driven by something other than financial bubbles? Can we...