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The Recent Performance of the UK Labour Market.

Abstract:

We consider both the overall macroeconomic performance of the UK labour market since 1997, as well as some of the underlying micro problems, particularly those facing unskilled workers, On the macro front, we have seen unemployment decline to its lowest level for a generation without excessive inflationary pressure. The main factors behind this decline in equilibrium unemployment stem from actions taken by the previous government. Changes introduced in the labour market since 1997 are likely ...

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Journal:
Oxford Review of Economic Policy
Volume:
18
Publication date:
2002-01-01
URN:
uuid:3ccf3863-984a-4ef1-ad5e-33406a5bb582
Local pid:
oai:economics.ouls.ox.ac.uk:11329
Language:
English

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