Trade and deskilling: how the post-referendum sterling depreciation hurt workers

Rui Costa, Swati Dhingra and Stephen Machin

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

Abstract: The unexpected result of the Brexit referendum, working through the rapid depreciation of sterling, had a sizable negative impact on UK workers. New CEP work by Rui Costa, Swati Dhingra and Stephen Machin shows that the big drop in the value of the pound caused a rise in import prices, which has led to a fall in both wages and training for employees in the most heavily hit sectors.

Keywords: international trade; worker outcomes; wages; productivity; skills; real wage stagnation (search for similar items in EconPapers)
JEL-codes: F14 F31 F66 J24 J31 (search for similar items in EconPapers)
Date: 2019-07-01
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:551

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