Bell, Brian; Bloom, Nicholas; Blundell, Jack - In: Quantitative Economics 13 (2022) 4, pp. 1849-1878
In this paper, we use an employer-based survey of earnings and hours to set out the key patterns in UK earnings dynamics from 1975 to 2020, with a particular focus on the most recent recession. We demonstrate that (log) earnings changes exhibit strongly procyclical skewness and have become...