Hostname: page-component-586b7cd67f-dsjbd Total loading time: 0 Render date: 2024-11-22T18:48:30.271Z Has data issue: false hasContentIssue false
  • English
  • Français

Labour Market Slack in the UK

Published online by Cambridge University Press:  01 January 2020

David N.F. Bell  and
David G. Blanchflower
David N.F. Bell*
Affiliation:
University of Stirling, IZA and CPC
David G. Blanchflower*
Affiliation:
Dartmouth College, University of Stirling, Peterson Institute for International Economics, IZA, CESifo and NBER
*
E-mail: [email protected]
E-mail: [email protected]
Get access Rights & Permissions [Opens in a new window]

Abstract

An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Commentary
Information
National Institute Economic Review , Volume 229 , August 2014 , pp. F4 - F11
Copyright
Copyright © 2014 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

The authors would like to thank Martin Weale for providing them with details of his analysis and calculations.

References

Bell, D.N.F.Blanchflower, D.G. (2011), ‘Youth underemployment in the UK in the Great Recession’, National Institute Economic Review, January, pp. R1–R11.Google Scholar
Bell, D.N.F.Blanchflower, D.G. (2013a), ‘Underemployment in the UK revisited,’ National Institute Economic Review, May, pp. F8–F22.CrossRefGoogle Scholar
Bell, D.N.F.Blanchflower, D.G. (2013b), ‘How to measure underemployment?’, Peterson Institute for International Economics Working Paper 13/2, August.Google Scholar
Blanchflower, D.G.Oswald, A.J. (1990), ‘The wage curve’, Scandinavian Journal of Economics, 92, pp. 215–35, reprinted in Holmlund, B. and Lofgren, K.G. (eds), Unemployment and Wage Determination in Europe, Basil Blackwell.CrossRefGoogle Scholar
Blanchflower, D.G.Oswald, A.J. (1994), The Wage Curve, Cambridge, MA, MIT Press.Google Scholar
Blanchflower, D.G.Posen, A.S. (2014), ‘Wages and labor market slack: making the dual mandate operational’, Peterson Institute Working Paper, 15 April.CrossRefGoogle Scholar
Freeman, R.B. (1984), ‘A longitudinal analysis of the effects of trade unions’, Journal of Labor Economics, 2(1), pp. 1–26.CrossRefGoogle Scholar
Kiley, M. (2014), ‘An evaluation of the inflationary pressure associated with short- and long-term unemployment’, Federal Reserve Board, Finance and Economics Discussion Series 2014–28, Washington, DC 20551, 21 March.Google Scholar
Layard, R.Nickell, S. (1987), ‘The labour market’, in Dornbusch, R.Layard, R. (eds), The Performance of the British Economy, Oxford, Oxford University Press.Google Scholar
Llaudes, R. (2005), ‘The Phillips Curve and long-term unemployment’, European Central Bank Working Paper 441, February.Google Scholar
Rudebusch, G.D.Williams, J.C. (2014), ‘A wedge in the dual mandate: monetary policy and long-term unemployment’ Federal Reserve Bank of San Francisco Working Paper 2014–14.CrossRefGoogle Scholar
Weale, M. (2014a), ‘Slack and the labour market’ speech given at the Thames Valley Chamber of Commerce, 20 March, http://www.bankofengland.co.uk/publications/Documents/speeches/2014/speech716.pdf.Google Scholar
Weale, M. (2014b), ‘Spare capacity and inflation’, speech given at the Confederation of British Industry, Belfast, 18 June, http://www.bankofengland.co.uk/publications/Documents/speeches/2014/speech737.pdf.Google Scholar