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- Title
As Good as it Gets? The UK Labour Market in Recession and Recovery.
- Authors
Blanchflower, David G.
- Abstract
The article provides an overview of Great Britain's labour market whose overall employment growth has been healthy. Topics discussed include the sustained structural improvements in the functioning of its labour market and the sensible macroeconomic response to the financial crisis and reasons why wages have not increased despite the drop in the unemployment rate including the gap between the fall in the unemployment rate and rise in wages and low interest rates and impact of globalisation.
- Subjects
UNITED Kingdom; LABOR market; ECONOMIC conditions in Great Britain, 1997-; EMPLOYMENT; RECESSIONS; ECONOMIC recovery
- Publication
National Institute Economic Review, 2015, Vol 231, pF76
- ISSN
0027-9501
- Publication type
Article
- DOI
10.1177/002795011523100116