and fiscal policies during the recession, reductions in real producer wages and relatively buoyant real consumer wages … back and productivity growth remains low, it may be that it will take a long time for employment to return to levels last …

century? After years of inadequate investment in skills, infrastructure and innovation, there are longstanding structural …

becoming unemployed, the costs of unemployment in terms of real wages losses and the probability that the continuously employed …

This paper is concerned with the relationship between wages and unemployment. Using UK regions and individuals as the … unemployment and wages or wage changes? Second, can we identify the relationship completely by looking at regional wages and … regional unemployment or do regional wages depend on aggregate unemployment as well? Third, are wages influenced only by the …

by wages in new matches. I summarize microeconometric evidence on wages in new matches and show that the key model … cyclical volatility of wages. I discuss some extensions of the model that can increase cyclical unemployment volatility through …

much displacement of UK workers or lower wages, on average. Immigrants, especially in recent years, tend to be younger and …

have been exaggerated. It is hard to find evidence of much displacement of UK workers or lower wages, on average … have experienced greater downward pressure on wages and greater competition for jobs than others, but these effects still …