Wage Inequality in the United Kingdom, 1975

Wage Inequality in the United Kingdom, 1975–99

February 1, 2002

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Eswar S Prasad. Wage Inequality in the United Kingdom, 1975–99, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper provides evidence that cross-sectional wage inequality in the U.K. rose sharply in the 1980s, continued to rise moderately through the mid-1990s and has remained essentially unchanged since then. As in the U.S., increases in within-group inequality account for a substantial fraction of the rise in wage dispersion during 1975-99. Compositional shifts in the occupational and industry structures of aggregate employment are also shown to have had important effects on the evolution of wage inequality. The convergence of the wage distributions for men and women has, however, had a stabilizing effect on the overall wage distribution.

Subject: Employment, Gender, Income inequality, Labor, National accounts, Wage adjustments, Wages, Women

Keywords: Between- and within-group inequality, Composition effects, Employment, Europe, Gender wage gap, Income inequality, Log wage, Micro survey data, Wage adjustments, Wage and earnings distribution, Wage dispersion, Wage distribution, Wage growth, Wage inequality, Wage residual, Wage variable, Wages, Women, WP

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/042
Stock No:

WPIEA0422002
ISBN:

9781451846225
ISSN:

1018-5941

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