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Why rising tides don't lift all boats: an explanation of the relationship between poverty and unemployment in Britain

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This paper is motivated by the lack of any obvious relationship between aggregate poverty and unemployment in Great Britain. We derive a framework based on individuals' risks of unemployment and poverty, and how these vary over the economic cycle. Analysing the British Household Panel Survey for 1991-96, we are able to square the micro evidence - that unemployment matters for poverty - with the macro picture - that there's no strong link. We then go on to identify which household and individual characteristics are associated with whether an individual's poverty risk is vulnerable to the economic cycle.

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en

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application/pdf

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http://eprints.lse.ac.uk/6438/1/Why_rising_tides_don%27t_lift_all_boats_An_explanation_of_the_relationship_between_poverty_and_unemployment_in_Britain.pdf

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