|This centre is a member of The LSE Research Laboratory [RLAB]: CASE | CVER | CEP | SERC | STICERD||Cookies?|
Paper No' CEPRWU006: | Full paper
Save Reference as: BibTeX File | EndNote Import File
Keywords: real wages; wages; growth
Is hard copy/paper copy available? YES - Paper Copy Still In Print.
This Paper is published under the following series:
Share this page: Google Bookmarks | Facebook | Twitter
Abstract:The falling real wages experienced by most UK workers between 2008 and 2014 were followed by modest growth in 2015 and 2016. But it has now reversed back as real wages have once again started to fall. This is courtesy of the post-Brexit rise in price inflation that has occurred, coupled with the persistent 2 percent nominal wage growth norm that seems to have become firmly established in the UK labour market.
In this real wage update, we first consider the most recent wage growth numbers and appraise the Bank of England forecasts. Next we consider what has been happening to real wages for different groups of workers. Then, in the light of the recent employment patterns, we discuss another key feature of the UK labour market, the rise in low wage selfemployment. We end with some conclusions.
Copyright © RLAB & LSE 2003 - 2018 | LSE, Houghton Street, London WC2A 2AE | Contact: RLAB | Site updated 23 February 2018