Real wage and productivity stagnation
研究了英国自全球金融危机以来实际工资增长停滞超过十五年、生产率增长疲软的现象，并将其置于国际背景下分析，探讨了劳动力市场制度影响力下降和劳资权力变化对工资与生产率差距的影响，最后讨论了未来可持续工资增长的潜在来源。
Abstract The UK’s economic performance since the global financial crisis has seen real wage growth stagnating for over fifteen years and weak productivity growth with most, but not all, of the wage stagnation overlapping with the productivity slowdown. This paper studies these stagnation patterns in detail for the UK, and places them in international context where the country does not fare well as it both drops down wage and productivity growth rankings across countries. There has been a longer term decline in the influence of labour market institutions in affecting worker wages as the changing balance of power between workers and employers has played a role in the emerging wedge between wage and productivity growth in the stagnation period. The paper concludes with a policy related discussion of possible sources where sustained wage growth could re-emerge, and thereby generate improvements in living standards, in the future.