Vox:
The great British jobs and productivity mystery
28 June 2014
The fall in productivity in the UK following the Great Recession was particularly bad, whereas the hit to jobs was less severe. This column discusses recent research exploring this puzzle. Although the mystery has not been fully solved, an important part of the explanation lies in the flexibility of wages combined with very low investment.
This article was published online by Vox on June 28, 2014
Link to article here
Also in
Business Spectator on June 30, 2014
Productivity pains and labour gains in the UK
Related publications
The UK Productivity and Jobs Puzzle: Does the Answer Lie in Wage Flexibility?, Joao Paulo Pessoa and John Van Reenen, Economic Journal 124: 433-452, May 2014.
The UK Productivity and Jobs Puzzle: Does the Answer Lie in Labour Market Flexibility?, Joao Paulo Pessoa and John Van Reenen, Centre for Economic Performance Special Paper No.31, June 2013,
Related links
Joao Paulo Pessoa webpage
John Van Reenen webpage
Productivity and Innovation Programme webpage