Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/177800 
Year of Publication: 
2018
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 422 [Publisher:] Institute for the Study of Labor (IZA) [Place:] Bonn [Year:] 2018
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
Experiences during the Great Recession support the view that the UK labor market is relatively flexible. Unemployment rose less and recovered faster than in most other European economies. However, this success has been accompanied by a stagnation of productivity and wages; an open question is whether this represents a cyclical phenomenon or a structural problem. In addition the planned exit of the UK from the EU (Brexit), which is quite possibly the greatest current threat to the stability of the UK labor market, is not yet visible in labor market statistics.
Subjects: 
unemployment
productivity
UK
Brexit
Persistent Identifier of the first edition: 
Document Type: 
Article

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