'Improving the functioning of the labour market' has been a consistent theme of the Conservative governments which have held office in the UK since 1979, first under Margaret Thatcher and then John Major. This paper will give an overview of the major policy measures which have been introduced by the UK governments since 1979, then review the microeconomic evidence for their impact, and finally attempt as assessment of their impact on macroeconomic performance and prospects.
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Paper provided by Centre for Economic Policy Research, Research School of Social Sciences, Australian National University in its series CEPR Discussion Papers with number
376.
Find related papers by JEL classification: E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
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