UNDEREMPLOYMENT AND THE LACK OF WAGE PRESSURE IN THE UK

被引:21
作者
Bell, David N. F. [1 ,2 ]
Blanchflower, David G. [3 ,4 ]
机构
[1] Univ Stirling, Stirling Management Sch, Div Econ, IZA, Stirling, Scotland
[2] CPC, Stirling, Scotland
[3] Dartmouth Coll, Div Econ, Dept Econ, Stirling Management Sch,IZA, Hanover, NH 03755 USA
[4] NBER, Cambridge, MA 02138 USA
关键词
unemployment; underemployment; wage inflation; hours; anchoring; heuristics;
D O I
10.1177/002795011824300114
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this note, we focus on underemployment as a potential cause of lower wage growth, which itself may have deeper causes, but which has, we would argue, demonstrably changed since the 2008 recession. The gap between our measures of the number of additional hours required by those who want more hours and the number who want less has narrowed recently. Neither have returned to their pre-recession levels. In our view, underemployment remains a major factor in explaining the 2 per cent wage norm that continues to exist in the UK.
引用
收藏
页码:R53 / R61
页数:9
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