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Real wages, inequality and living standards

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  • Stephen Machin

Abstract

Real wage growth has stagnated. Policies which boost productivity or halt and reverse the trend to more employer power in wage bargaining are important in getting the UK out of the stagnation trap.

Suggested Citation

  • Stephen Machin, 2024. "Real wages, inequality and living standards," CEP Election Analysis Papers 066, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepeap:066
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    References listed on IDEAS

    as
    1. Machin, Stephen, 2024. "Wage controversies: real wage stagnation, inequality and labour market institutions," LSE Research Online Documents on Economics 122220, London School of Economics and Political Science, LSE Library.
    2. Machin, Stephen, 1996. "Wage Inequality in the UK," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 12(1), pages 47-64, Spring.
    3. Thiemo Fetzer, 2019. "Did Austerity Cause Brexit?," American Economic Review, American Economic Association, vol. 109(11), pages 3849-3886, November.
    4. repec:eme:rlec11:s0147-912120160000043017 is not listed on IDEAS
    5. Brown, William & Wadhwani, Sushil, 1990. "The Economic Effects of Industrial Relations Legislation Since 1979," National Institute Economic Review, National Institute of Economic and Social Research, vol. 131, pages 57-70, February.
    6. Stephen Machin, 1998. "Recent shifts in wage inequality and the wage returns to education in Britain," National Institute Economic Review, National Institute of Economic and Social Research, vol. 166(1), pages 87-96, October.
    7. Brian Bell & Paweł Bukowski & Stephen Machin, 2024. "The Decline in Rent Sharing," Journal of Labor Economics, University of Chicago Press, vol. 42(3), pages 683-716.
    8. John H. Pencavel, 2004. "The Surprising Retreat of Union Britain," NBER Chapters, in: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980–2000, pages 181-232, National Bureau of Economic Research, Inc.
    9. Nikhil Datta & Giulia Giupponi & Stephen Machin, 2019. "Zero-hours contracts and labour market policy," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 34(99), pages 369-427.
    10. Stephen Machin, 2016. "Rising Wage Inequality, Real Wage Stagnation and Unions☆," Research in Labor Economics, in: Inequality: Causes and Consequences, volume 43, pages 329-354, Emerald Group Publishing Limited.
    Full references (including those not matched with items on IDEAS)

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