NDLI: What Can Wages and Employment Tell Us about the UK's Productivity Puzzle?

Content Provider	Semantic Scholar
Author	Blundell, Richard Crawford, Claire Jin, Wenchao
Copyright Year	2013
Abstract	As in many European countries, labour productivity in the UK has been stagnant since the start of the Great Recession. This article uses individual data on employment and wages to try to understand whether real wage flexibility can help shed light on the UK's productivity puzzle. It finds, perhaps unsurprisingly, that workforce composition cannot explain the reduction in wages and hence productivity that we observe, even compared to previous recessions; instead, real wages have fallen significantly within jobs this time round. Why? One possibility we investigate is that the labour supply in the UK is higher compared to previous recessions.
Starting Page	377
Ending Page	407
Page Count	31
File Format	PDF HTM / HTML
DOI	10.1111/ecoj.12138
Alternate Webpage(s)	https://www.econstor.eu/bitstream/10419/91506/1/74956749X.pdf
Alternate Webpage(s)	http://www.ucl.ac.uk/~uctp39a/Blundell_Crawford_Jin_IFSwp201311.pdf
Alternate Webpage(s)	http://www.homepages.ucl.ac.uk/~uctp39a/Blundell_Productivity_Puzzle_EJ_2014.pdf
Alternate Webpage(s)	http://www.ifs.org.uk/wps/wp201311.pdf
Alternate Webpage(s)	http://wrap.warwick.ac.uk/81563/1/WRAP_Blundell_et_al-2014-The_Economic_Journal.pdf
Alternate Webpage(s)	http://www.ucl.ac.uk/~uctp39a/Blundell_Productivity_Puzzle_EJ_2014.pdf
Alternate Webpage(s)	https://www.ifs.org.uk/wps/wp201311.pdf
Alternate Webpage(s)	https://doi.org/10.1111/ecoj.12138
Volume Number	124
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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