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The labor market in the United Kingdom, 2000-2016

By Benedikt Herz and Thijs Van Rens

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

Topics: HD
Publisher: 'Forschungsinstitut zur Zukunft der Arbeit GmbH'
Year: 2018
DOI identifier: 10.15185/izawol.422
OAI identifier: oai:wrap.warwick.ac.uk:98560

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