The recent run of good macroeconomic news masks mounting evidence that worklessness is increasingly concentrated on selected individuals, households, and socio-economic groups and in geographical areas. These distributional aspects have been overlooked or ignored over the last 20 years, but we...

The recent run of good macroeconomic news masks mounting evidence that worklessness is increasingly concentrated on selected individuals, households, and socio-economic groups and in geographical areas. These distributional aspects have been overlooked or ignored over the last 20 years, but we...

This book provides an overview of the key issues concerning the performance of the labour market and policy in the UK, with focus on the 2008 financial crisis, the ensuing recession, and its aftermath.

Opportunities facing skilled and unskilled workers diverged over the last quarter of the twentieth century in the UK. We develop an empirical framework consistent with these trends that highlights the importance of skill heterogeneity in both wage setting and labour demand in explaining...