Falling real wages

David Blanchflower and Stephen Machin

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: The researchers note that there have been historically unprecedented falls in UK real wages since the start of the Great Recession. What's more, the long US experience of stagnant real wages (median real weekly earnings in the United States in 2013 were at about the same level as in 1979) might be viewed as a warning sign for the UK.

Keywords: Wage inequality; real wage growth; unemployment; USA; UK; Great Recession (search for similar items in EconPapers)
Date: 2014-05
New Economics Papers: this item is included in nep-ltv
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:422

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