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US and not to the traditional idea of informality constituting the inferior sector of a segmented market. That said, the … counter cyclical job finding in the formal sector combined with the acyclical job finding in informality does lead to the …
Persistent link: https://www.econbiz.de/10005510431
The recession of 2008-09 inflicted a larger cumulative loss of UK output than any of the previous post-war recessions, yet there has been a relatively low loss of employment, at least so far. Paul Gregg and Jonathan Wadsworth look for an explanation.
Persistent link: https://www.econbiz.de/10009416226
Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market states act as key determinants of this variation. We examine how the structure of unemployment across groups and its cyclical movements across time are shaped by changes in...
Persistent link: https://www.econbiz.de/10009150959
The recession of 2008-2009 inflicted a larger cumulative loss of UK output than any of the other post-war recessions. Nevertheless, employment rates remained higher than might have been expected given the experience of previous recessions. The main reasons for this appear to be a combination of...
Persistent link: https://www.econbiz.de/10010700448
This paper shows, using data from both the US and the UK, that average plant size is larger in denser markets. However, many popular theories of agglomeration - spillovers, cost advantages and improved match quality - predict that establishments should be smaller in cities. The paper proposes a...
Persistent link: https://www.econbiz.de/10005510475
A century has passed since the first call for a British national minimum wage (NMW). That remarkable Fabian tract discussed wage setting, coverage, monopsony, international labour standards, inspection and compliance and the interaction between the NMW and the social security system. The NMW was...
Persistent link: https://www.econbiz.de/10005797315
It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...
Persistent link: https://www.econbiz.de/10008542750
This paper takes the canonical Burdett-Mortensen model of wage- posting and relaxes the assumption that wages are set once-for-all, instead assuming they can only be committed one period at a time. It derives a closed-form solution for a steady-state Markov Rank-Preserving Equilibrium and shows...
Persistent link: https://www.econbiz.de/10010561176
A quarter of London's skyscrapers are designed by architects who have already won a lifetime achievement award and whose work thus has the imprimatur of 'iconic design'; this compares with just 3% in Chicago. According to research by Paul Cheshire and Gerard Dericks, employing such 'trophy...
Persistent link: https://www.econbiz.de/10010933778
Immigration to the UK has risen in the past 10 years and has had a measurable effect on the supply of different types of labour. But, existing studies of the impact of immigration on the wages of native-born workers in the UK (e.g. Dustmann, Fabbri and Preston, 2005) have failed to find any...
Persistent link: https://www.econbiz.de/10005016667