This paper evaluates the potential existence of a low skill equilibrium in the UK. Using data from numerous waves of the National Employer Skills Survey (NESS) we investigate the relationship between skills shortages in firms and the type and intensity of response of firms to their identified...

This article explores whether a relationship exists between the skill shortages that a market faces, and the wages in the market, using both pseudo panel and individual wage equations over the period 2004-2014. Both sets of results suggest that workers in markets with higher levels of skill...