Herz , Benedikt and Van Rens, Thijs (2018) The labor market in the United Kingdom, 2000-2016. IZA World of Labor, 2018 . 422. doi:10.15185/izawol.422 ISSN 2054-9571.

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Abstract

Experiences during the Great Recession support the view that the UK labor market is relatively flexible. Unemployment rose less and recovered faster than in most other European economies. However, this success has been accompanied by a stagnation of productivity and wages; an open question is whether this represents a cyclical phenomenon or a structural problem. In addition the planned exit of the UK from the EU (Brexit), which is quite possibly the greatest current threat to the stability of the UK labor market, is not yet visible in labor market statistics.

Item Type:	Journal Article
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Labor market -- Great Britain, Wages -- Great Britain, Global Financial Crisis, 2008-2009 -- Great Britain, Industrial productivity -- Great Britain
Journal or Publication Title:	IZA World of Labor
Publisher:	IZA
ISSN:	2054-9571
Official Date:	February 2018
Dates:	Date Event February 2018 Published 15 December 2017 Accepted
Volume:	2018
Article Number:	422
DOI:	10.15185/izawol.422
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Open Access (Creative Commons)
Date of first compliant deposit:	8 February 2018
Date of first compliant Open Access:	9 February 2018

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