Haskel, Jonathan; Martin, Christopher - C.E.P.R. Discussion Papers - 1993
We estimate the impact of skilled and unskilled labour shortages on productivity and wages in the United Kingdom. Skill … shortages are higher on average and more variable over the business cycle in the United Kingdom than in comparable economies …. Unskilled shortages are comparatively rare, so most of our work concentrates on skill shortages. The bulk of evidence suggests …