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In this paper, the Kalman filter method is applied to UK Phillips-curve models and estimates are derived for the NAIRU from 1973 to 2000. The resulting profiles suggest that the NAIRU peaked around the mid-1980s and fell back thereafter. Structural changes in the labour market have reduced...
Persistent link: https://www.econbiz.de/10005357331
The recent rise in migration to the UK from eight EU Accession countries (the Czech Republic; Estonia; Hungary; Latvia; Lithuania; Poland; Slovakia; and Slovenia - the A8 countries) has generated a good deal of controversy. How many A8 immigrants are there in the UK? Where did they come from and when?...
Persistent link: https://www.econbiz.de/10005518499
This paper asks whether immigration to Britain has had any impact on average wages. There seems to be a broad consensus among academics that the share of immigrants in the workforce has little or no effect on the pay rates of the indigenous population. But the studies in the literature have...
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There is a consensus among academics that immigration has little or no effect on native British wages, but these studies have not refined their analysis by occupations. Our contribution is to extend the literature to incorporate occupations. Doing so, we find that immigration has a small...
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