Despite widespread recognition that the aggregate labour market is composed of a number of heterogeneous submarkets, there is little guidance on how to appropriately delineate such submarkets when conducting economic research. This paper contributes to a small but growing body of work addressing...

Changes in the characteristics and skills of British youths between the mid-1980s and mid-2000s are evaluated using a method recently developed by Altonji et al. The main finding is that skills have increased over time in successive cohorts of young people. The improvement is, however, uneven,...

Matched employee-employer data from the UK are used to analyze the wage premium to working in an innovative firm. We find that firms that are more R&D intensive pay higher wages on average, and this is particularly true for workers in some low-skilled occupations. We propose a model in which a...