1. STORRE
  2. Stirling Management School
  3. Economics
  4. Economics Journal Articles
Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/28024
Full metadata record
DC FieldValueLanguage
dc.contributor.authorBell, David N Fen_UK
dc.contributor.authorBlanchflower, David Gen_UK
dc.date.accessioned2018-10-24T14:35:58Z-
dc.date.available2018-10-24T14:35:58Z-
dc.date.issued2018-08-01en_UK
dc.identifier.urihttp://hdl.handle.net/1893/28024-
dc.description.abstractIn this note, we argue that a considerable part of the explanation for the benign wage growth in the advanced world is the rise in underemployment. In the years after 2008 the unemployment rate understates labour market slack. Underemployment is more important than unemployment in explaining the weakness of wage growth in the UK. The Phillips curve in the UK has now to be rewritten into wage underemployment space. Underemployment now enters wage equations while the unemployment rate does not. There is every reason to believe that the NAIRU has fallen sharply since the Great Recession. In our view the NAIRU in the UK may well be nearer to 3 per cent, and even below it, than around 5 per cent, which other commentators including the MPC and the OBR believe.en_UK
dc.language.isoenen_UK
dc.publisherSAGE Publicationsen_UK
dc.relationBell DNF & Blanchflower DG (2018) The Lack of Wage Growth and the Falling NAIRU. National Institute Economic Review, 245 (1), pp. R40-R55. https://doi.org/10.1177/002795011824500114en_UK
dc.rightsBell DNF & Blanchflower DG, The Lack of Wage Growth and the Falling NAIRU National Institute Economic Review, 245 (1), pp. R40-R55. Copyright © The Author(s) 2018. Reprinted by permission of SAGE Publications.en_UK
dc.titleThe Lack of Wage Growth and the Falling NAIRUen_UK
dc.typeJournal Articleen_UK
dc.identifier.doi10.1177/002795011824500114en_UK
dc.citation.jtitleNational Institute Economic Reviewen_UK
dc.citation.issn1741-3036en_UK
dc.citation.issn0027-9501en_UK
dc.citation.volume245en_UK
dc.citation.issue1en_UK
dc.citation.spageR40en_UK
dc.citation.epageR55en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.citation.date31/07/2018en_UK
dc.contributor.affiliationEconomicsen_UK
dc.contributor.affiliationEconomicsen_UK
dc.identifier.scopusid2-s2.0-85051732634en_UK
dc.identifier.wtid991816en_UK
dc.contributor.orcid0000-0002-4538-6328en_UK
dc.date.accepted2018-07-31en_UK
dcterms.dateAccepted2018-07-31en_UK
dc.date.filedepositdate2018-10-18en_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionAMen_UK
local.rioxx.authorBell, David N F|0000-0002-4538-6328en_UK
local.rioxx.authorBlanchflower, David G|en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2018-10-18en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/all-rights-reserved|2018-10-18|en_UK
local.rioxx.filename3dnfb Final 17th June The Lack of Wage Growth and the Falling NAIRU.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source0027-9501en_UK
Appears in Collections:Economics Journal Articles

Files in This Item:
File Description SizeFormat 
3dnfb Final 17th June The Lack of Wage Growth and the Falling NAIRU.pdfFulltext - Accepted Version535.24 kBAdobe PDFView/Open


This item is protected by original copyright

View License
Show simple item record


Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/

If you believe that any material held in STORRE infringes copyright, please contact library@stir.ac.uk providing details and we will remove the Work from public display in STORRE and investigate your claim.