Wage stagnation and the legacy costs of employment

Brian Bell

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

Abstract: Although UK real wages have been stagnant for over a decade, there has been a notable increase in nonwage compensation. But as Brian Bell reveals, this rise consists largely of special payments to fund deficit gaps in 'defined benefit' pension schemes - and most of these schemes have been closed to new members for years.

Keywords: decoupling; wages; productivity; compensation; labour income share (search for similar items in EconPapers)
Date: 2015-11
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://cep.lse.ac.uk/pubs/download/cp458.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:458

Access Statistics for this paper

More papers in CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE
Bibliographic data for series maintained by ().