Labor Market Slack in the United Kingdom PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Labor Market Slack in the United Kingdom PDF full book. Access full book title Labor Market Slack in the United Kingdom by David Nevin Fraser Bell. Download full books in PDF and EPUB format.
Author: David Nevin Fraser Bell
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Get Book Here
Book Description
Author: David Nevin Fraser Bell
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Get Book Here
Book Description
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484341759
Category : Business & Economics
Languages : en
Pages : 45
Get Book Here
Book Description
This Selected Issues paper on the United Kingdom finds that the main factors behind the slowdown include weak productivity growth, labor market slack, and low inflation. Recent labor market developments in the United Kingdom appear to point to disconnect between unemployment and wages. Although the unemployment rate has fallen to a 40-year low, wage growth continues to growth at a subdued pace. The analysis in this paper suggests that this puzzle is explained by persistent weak productivity growth and well-anchored inflation expectations, as well as by greater effective labor market slack than suggested by the headline unemployment rate. Broader measures of underemployment—accounting for involuntary part-time unemployment, inactive and self-employed people seeking regular jobs—suggest that slack in the labor market was higher than implied by the unemployment rate in recent years. Persistent tightness of the labor market should prompt some firming of wage growth in the coming year, everything else equal. A mild increase in unit labor costs would help bring domestically generated inflation in line with the inflation target.
Author: Paul Gregg
Publisher: Oxford University Press
ISBN: 019958737X
Category : Business & Economics
Languages : en
Pages : 336
Get Book Here
Book Description
This book provides an overview of the key issues concerning the performance of the labour market and policy in the UK, with focus on the 2008 financial crisis, the ensuing recession, and its aftermath.
Author: Guy Standing
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 172
Get Book Here
Book Description
Reviews the arguments and evidence on labour flexibility and examines the special measures adopted to check the growth of unemployment until supply-side measures could take effect. The book considers several alternative strategies designed to combine labour flexibility and income security.
Author: Mr. Romain A Duval
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 46
Get Book Here
Book Description
Two years after the onset of the COVID-19 pandemic, a puzzle has emerged in several advanced economies: unfilled job vacancies have increased sharply even though employment has yet to fully recover. This note sheds light on three contributing factors, namely barriers to returning to work, changing worker preferences away from certain types of jobs, and sectoral and occupational job mismatch. The note also assesses the impact of labor market tightness on wage growth, showing that it has been large for low-pay jobs but milder overall. Bringing disadvantaged groups of workers into the labor force, including by controlling the pandemic itself, would ease labor market pressures while amplifying the recovery and making it more inclusive.
Author: Johann Fuchs
Publisher:
ISBN:
Category : Underemployment
Languages : en
Pages : 36
Get Book Here
Book Description
Author: Caroline LLoyd
Publisher: Russell Sage Foundation
ISBN: 1610443640
Category : Political Science
Languages : en
Pages : 348
Get Book Here
Book Description
The United Kingdom's labor market policies place it in a kind of institutional middle ground between the United States and continental Europe. Low pay grew sharply between the late 1970s and the mid-1990s, in large part due to the decline of unions and collective bargaining and the removal of protections for the low paid. The changes instituted by Tony Blair's New Labour government since 1997, including the introduction of the National Minimum Wage, halted the growth in low pay but have not reversed it. Low-Wage Work in the United Kingdom explains why the current level of low-paying work remains one of the highest in Europe. The authors argue that the failure to deal with low pay reflects a policy approach which stressed reducing poverty, but also centers on the importance of moving people off benefits and into work, even at low wages. The U.K. government has introduced a version of the U.S. welfare to work policies and continues to stress the importance of a highly flexible and competitive labor market. A central policy theme has been that education and training can empower people to both enter work and to move into better paying jobs. The case study research reveals the endemic nature of low paid work and the difficulties workers face in escaping from the bottom end of the jobs ladder. However, compared to the United States, low paid workers in the United Kingdom do benefit from in-work social security benefits, targeted predominately at those with children, and entitlements to non-pay benefits such as annual leave, maternity and sick pay, and crucially, access to state-funded health care. Low-Wage Work in the United Kingdom skillfully illustrates the way that the interactions between government policies, labor market institutions, and the economy have ensured that low pay remains a persistent problem within the United Kingdom. A Volume in the Russell Sage Foundation Case Studies of Job Quality in Advanced Economies
Author: David G. Blanchflower
Publisher: Princeton University Press
ISBN: 0691217092
Category : Business & Economics
Languages : en
Pages : 462
Get Book Here
Book Description
A candid explanation of how the labor market really works and is central to everything—and why it is not as healthy as we think Relying on unemployment numbers is a dangerous way to gauge how the labor market is doing. Because of a false sense of optimism prior to the COVID-19 shock, the working world was more vulnerable than it should have been. Not Working is about how people want full-time work at a decent wage and how the plight of the underemployed contributes to widespread despair, a worsening drug epidemic, and the unchecked rise of right-wing populism. David Blanchflower explains why the economy since the Great Recession is vastly different from what came before, and calls out our leaders for their continued failure to address one of the most unacknowledged social catastrophes of our time. This revelatory and outspoken book is his candid report on how the young and the less skilled are among the worst casualties of underemployment, how immigrants are taking the blame, and how the epidemic of unhappiness and self-destruction will continue to spread unless we deal with it. Especially urgent now, Not Working is an essential guide to strengthening the labor market for all when we need it most.
Author: Ramana Ramaswamy
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
Get Book Here
Book Description
This paper analyzes the effects of the labor market reforms launched in the early 1980s by the Conservative government led by Mrs. Thatcher. It is argued that the increase in the growth of labor productivity in manufacturing after 1980 as well as the improvement in the responsiveness of employment to variations in output can be largely attributed to the success of the reforms in reducing industrial disputes and removing a number of structural impediments in the labor market. However, the reforms did not succeed in moderating real wage growth or improving the tradeoff between wage inflation and unemployment. This is attributed to certain aspects of the wage bargaining system and the influence of relative wage norms in the process of wage determination.
Author: Kenneth Walsh
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 272
Get Book Here
Book Description
Guide to information sources and statistical sources on the UK labour market - covers labour supply, education, vocational training, commuting, labour mobility, absenteeism, hours of work, labour turnover, wages, redundancy, labour productivity, labour cost, trade union membership, strikes, etc., and includes a directory of relevant institutions. Bibliography pp. 201 to 213.
