Human capital

This report shows the extent to which low pay and unemployment are related, the effects of periods out of work on future earnings and the degree to which low pay is a persistent phenomenon. Importantly it demonstrates the way in which a minimum wage might affect a much higher proportion of the population than is generally appreciated because of the way in which people move in and out of low paid work. A chapter of the report is also given over to the effects of work experience and job tenure on pay levels.

Are the provision and the extent of work-related training in the UK affected by the amount of job-to-job mobility among the work-force? Conversely, does receiving different types of work-related training make employees more or less likely to move jobs? This report examines both these questions in detail using panel data from the British Labour Force Survey and the National Child Development Survey.

It is widely accepted that an accurate assessment of the extent to which graduates benefit from higher education is crucial for the effective development of policy in this area. For the first time in the UK, this report examines two dimensions of labour market success (employment and wages) in the early 1990s for a group of 33-year-olds who undertook higher education and compares their performance with a similarly-aged group who obtained at least one (and alternatively at least two) A level qualifications but did not proceed into higher education.

Since the 1980s, there has been increased interest among unions and two opposition parties in the possibility of introducing a national minimum wage (NMW).

Work Related training is currently at the top of the political and public policy agenda. The report looks at who gets work related training in Britain, the effect it has on the subsequent employment prospects of men and women, the wage payoffs to different types of work related training, and whether it improves the wages prospects of relatively low skilled individuals.

We analyze how relative wage movements among birth cohorts and education groups affected the distribution of household consumption and economic welfare.

The gap between rich and poor has increased dramatically over the last 25 years and the incomes of the bottom 10 per cent were no higher in 1991 than in 1967.

The gap between those who earn the most and those who earn the least in the UK is growing rapidly and in 1992 was larger than it had been at any time this century. It is one of the major factors underlying the rise in the inequality of household income and in poverty levels. This, together with its implications about the way the labour market is changing, makes it one of the most important issues facing policymakers today.

We analyze how relative wage movements across birth cohorts and education groups during the 1980s affected the distribution of household consumption.