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Falling real wages

Author

Listed:
  • David Blanchflower
  • Stephen Machin

Abstract

The researchers note that there have been historically unprecedented falls in UK real wages since the start of the Great Recession. What's more, the long US experience of stagnant real wages (median real weekly earnings in the United States in 2013 were at about the same level as in 1979) might be viewed as a warning sign for the UK.

Suggested Citation

  • David Blanchflower & Stephen Machin, 2014. "Falling real wages," CentrePiece - The magazine for economic performance 422, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:422
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    File URL: https://cep.lse.ac.uk/pubs/download/cp422.pdf
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    Cited by:

    1. David N. F. Bell & David G. Blanchflower, 2014. "Labor Market Slack in the United Kingdom," Working Paper Series WP14-2, Peterson Institute for International Economics.
    2. David Blanchflower & Stephen Machin, 2016. "Slowing UK Wage Growth," CEP Real Wages Updates 004, Centre for Economic Performance, LSE.

    More about this item

    Keywords

    Wage inequality; real wage growth; unemployment; USA; UK; Great Recession;
    All these keywords.

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