IDEAS home Printed from https://ideas.repec.org/p/cep/cepeap/066.html
   My bibliography  Save this paper

Real wages, inequality and living standards

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://cep.lse.ac.uk/pubs/download/ea066.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. 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.
    4. Thiemo Fetzer, 2019. "Did Austerity Cause Brexit?," American Economic Review, American Economic Association, vol. 109(11), pages 3849-3886, November.
    5. 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.
    6. 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.
    7. 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.
    8. repec:eme:rlec11:s0147-912120160000043017 is not listed on IDEAS
    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. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Puhani Patrick A., 2008. "Transatlantic Differences in Labour Markets: Changes in Wage and Non-Employment Structures in the 1980s and the 1990s," German Economic Review, De Gruyter, vol. 9(3), pages 312-338, August.
    2. Jayasri Dutta & James Sefton & Martin Weale, 1999. "Education and public policy," Fiscal Studies, Institute for Fiscal Studies, vol. 20(4), pages 351-386, December.
    3. Blanden, Jo & Goodman, Alissa & Gregg, Paul & Machin, Stephen, 2002. "Changes in intergenerational mobility in Britain," LSE Research Online Documents on Economics 19507, London School of Economics and Political Science, LSE Library.
    4. Cardoso, Ana Rute, 2004. "Wage Mobility: Do Institutions Make a Difference? A Replication Study Comparing Portugal and the UK," IZA Discussion Papers 1086, Institute of Labor Economics (IZA).
    5. Taylor, Karl & Driffield, Nigel, 2005. "Wage inequality and the role of multinationals: evidence from UK panel data," Labour Economics, Elsevier, vol. 12(2), pages 223-249, April.
    6. Weber, Andrea, 2002. "State Dependence and Wage Dynamics: A Heterogeneous Markov Chain Model for Wage Mobility in Austria," Economics Series 114, Institute for Advanced Studies.
    7. Monastiriotis, Vassilis, 2000. "Inter- And Intra-Regional Wage Inequalities In The Uk: An Examination Of The Sources Of Uk Wage Inequalities And Their Evolution," ERSA conference papers ersa00p228, European Regional Science Association.
    8. Cardoso, Ana Rute, 2004. "Jobs for Young University Graduates: Is It Worth Having a Degree?," IZA Discussion Papers 1311, Institute of Labor Economics (IZA).
    9. Hofer, Helmut & Weber, Andrea, 2002. "Wage mobility in Austria 1986-1996," Labour Economics, Elsevier, vol. 9(4), pages 563-577, September.
    10. Egidio Farina & Colin Green & Duncan McVicar, 2024. "Zero hours contracts and self‐reported (mental) health in the UK," British Journal of Industrial Relations, London School of Economics, vol. 62(1), pages 50-71, March.
    11. Puhani, Patrick A., 2003. "A Test of the 'Krugman Hypothesis' for the United States, Britain, and Western Germany," ZEW Discussion Papers 03-18, ZEW - Leibniz Centre for European Economic Research.
    12. H. W. Armstrong & B. Kehrer & P. Wells, 2001. "Initial Impacts of Community Economic Development Initiatives in the Yorkshire and Humber Structural Funds Programme," Regional Studies, Taylor & Francis Journals, vol. 35(8), pages 673-688.
    13. Marco Manacorda & Guido Tabellini & Andrea Tesei, 2022. "Mobile internet and the rise of political tribalism in Europe," CEP Discussion Papers dp1877, Centre for Economic Performance, LSE.
    14. Thanos Fragkandreas, 2022. "Three Decades of Research on Innovation and Inequality: Causal Scenarios, Explanatory Factors, and Suggestions," Working Papers 60, Birkbeck Centre for Innovation Management Research, revised Feb 2022.
    15. Stephen Dunn, 1993. "From Donovan to … Wherever," British Journal of Industrial Relations, London School of Economics, vol. 31(2), pages 169-187, June.
    16. David Card & Richard B. Freeman, 2004. "What Have Two Decades of British Economic Reform Delivered?," NBER Chapters, in: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980–2000, pages 9-62, National Bureau of Economic Research, Inc.
    17. Amory Gethin & Clara Martínez-Toledano & Thomas Piketty, 2022. "Brahmin Left Versus Merchant Right: Changing Political Cleavages in 21 Western Democracies, 1948–2020," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 137(1), pages 1-48.
    18. d'Este, Rocco, 2022. "Scientific Advancements in Illegal Drugs Production and Institutional Responses: New Psychoactive Substances, Self-Harm, and Violence inside Prisons," IZA Discussion Papers 15248, Institute of Labor Economics (IZA).
    19. Datta, Nikhil, 2019. "Willing to pay for security: a discrete choice experiment to analyse labour supply preferences," LSE Research Online Documents on Economics 103390, London School of Economics and Political Science, LSE Library.
    20. Cl'ement de Chaisemartin & Xavier D'Haultf{oe}uille, 2020. "Difference-in-Differences Estimators of Intertemporal Treatment Effects," Papers 2007.04267, arXiv.org, revised Dec 2024.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cep:cepeap:066. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://cep.lse.ac.uk/_new/publications/election-analyses/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.