The UK Labour Market: Comparative Aspects and Institutional Developments

The behavior of the labor market is widely seen as the cause of the UK's poor macroeconomic performance over the past thirty years. The functioning of the labor market is addressed in this book by an international group of economists. They assemble micro- and macroeconomic evidence on the UK, the US, France and Germany, and discuss whether the UK labor market is different, and also if it has changed over time.