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Pavlovic Today:
3 reasons why Brexit was astonishingly the right decision

11 January 2017

With popular google search results ranging from “What is the EU” to “What will happen if we leave the EU” from Britain hours after the referendum, it is clear that Brexit was an unknowledgeable decision. However, the ones who did vote knowledgeably had their own reasons to do so. According to labour-market economists Brian Bell and Stephen Machin, countries who voted to leave had their weakest wage growth since 1997. For them, Brexit would mean greater opportunities and higher potential for economic growth. Other studies show that Brexit was a decision fueled by nonacceptance to social issues such as feminism and environmentalism that are taking place in Britain with it being part of the EU. Perhaps a major reason for citizens all over Britain is the rare opportunity to restore the country’s sovereignty, although undemocratic to Eurosceptics.

Related article

Brexit and wage inequality’, Brian Bell and Stephen Machin, Vox, August 16, 2016 

 

Related publications

Brexit and wage inequality’, Brian Bell and Stephen Machin.  Chapter in Brexit beckons: thinking ahead by leading economists, R. Baldwin (Ed), August 2016

 

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