𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Reforming the Labour Market: An Assessment of the UK Policies of the Thatcher Era

✍ Scribed by Mary Gregory


Book ID
108522053
Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
74 KB
Volume
31
Category
Article
ISSN
0004-9018

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This paper discusses the dynamic response of employment, average hours, and real wages to macroeconomic policy shocks in the UK in the period 1970 Q1-2003 Q1. Following a monetary policy shock the adjustment of labour input is primarily along the extensive margin. However, there is also significant