Earnings, unemployment, and housing in Britain
建模了1972至1995年间英国十个地区的收入与失业，发现区域收入差异持续性较弱而失业率持续性较强，并考察了住房市场的影响。
Abstract This paper models regional earnings and unemployment in the ten regions of Great Britain between 1972 and 1995, paying particular attention to their interaction and to the important influence of the housing market. In contrast to Blanchard and Katz ( 1992 , 1997 ) for the United States, we find less persistence in British regional earnings differentials but greater persistence in regional unemployment rates. We find no evidence of a negative effect of the overall unemployment rate on the earnings of men in non‐manual, or women in full‐time, employment. However, for manual men, we find a significant elasticity of around −0.07, comparable with Blanchflower and Oswald ( 1994 ). Copyright © 2001 John Wiley & Sons, Ltd.