A labour market that works

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Permanent URL for this page: http://hdl.voced.edu.au/10707/560724.

Author: Lightfoot, Warwick; Zeber, Jan


This paper looks at the functioning of the UK labour market and how it has been transformed over the last forty years. The focus of this paper is on the functioning of labour market institutions - the way wages are determined, the workings of the benefits system, the replacement ratio of benefits relative to wages, and the contribution that training and human capital formation can have in enabling displaced workers to adjust to changing circumstances. The paper examines the lessons to be drawn from the 1980s and makes a series of practical suggestions to improve them in the present...  [+] Show more

Subjects: Labour market; Employment; Policy

Keywords: History; Government role; Career guidance; Entrepreneurship; Self employment; Labour market program; Displaced worker; Retraining; Human capital; Economic conditions; Analysis

Geographic subjects: Great Britain; Europe

Published: London, England: Policy Exchange, 2020

Physical description: 51 p.

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ISBN: 9781913459406

Resource type: Report

Document number: TD/TNC 142.966

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