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Wall Street Journal blog - Real Time Economics:
BOE may have long wait for real wage rise

1 May 2014

Bank of England Gov. Mark Carney this week stressed that the U.K.'s economic recovery will only become sustainable when there are ''substantial'' increases in real wages. But in research published by the London School of Economics, two leading British economists say there are good reasons to doubt that real wages will pick up any time soon. One of the authors, David Blanchflower, is a professor of economics at Dartmouth College in Hanover, N.H., and a former member of the Bank of England's Monetary Policy Committee. The other, Stephen Machin. is a professor of economics at University College London and a member of the Low Pay Commission.

This article was published in the Wall Street Journal blog - Real Time Economics on May 1, 2014
Link to article here

Related publications
Falling Real Wages, David Blanchflower and Stephen Machin. Article forthcoming in CentrePiece Vol 19, Issue 1, Spring 2014

Related links
Stephen Machin webpage
Labour Markets Programme webpage

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