Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223617
Authors: 
Herz, Benedikt
Van Rens, Thijs
Year of Publication: 
2020
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2020 [Issue:] 422v2
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 effects of 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, are not yet visible in labor market statistics.
Subjects: 
unemployment
productivity
UK
Brexit
JEL: 
E24
J2
Persistent Identifier of the first edition: 
Document Type: 
Article

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