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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
much displacement of UK workers or lower wages, on average. Immigrants, especially in recent years, tend to be younger and …
Persistent link: https://www.econbiz.de/10010772552
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 …
Persistent link: https://www.econbiz.de/10010583445