Liwa Rachel Ngai, 21 August 2020

Low-skilled workers are concentrated in sectors with fast productivity growth, so why isn't their pay rising? Rachel Ngai tells Tim Phillips that one explanation is in how low-skilled workers are reallocated between different sectors. 

Rui Costa, Swati Dhingra, Stephen Machin, 01 October 2019

Some commentators argue that globalisation is systematically connected to the real-wage and productivity stagnation seen across the developed world. This column analyses the relationship between international trade and worker outcomes in the immediate aftermath of the Brexit referendum, when the value of the sterling fell massively against other nations’ currencies. It finds that the rise in import costs from the sterling depreciation hurt wages and training. This relative decline in real earnings of workers has reinforced pre-existing real-wage stagnation; UK workers have not fared well since the referendum price rise.


CEPR Policy Research