Earnings, unemployment, and housing in Britain

  title={Earnings, unemployment, and housing in Britain},
  author={Gavin I. F. Cameron and John Muellbauer},
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… CONTINUE READING

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