Understanding Labour Force Participation in the United Kingdom

7 Pages Posted: 27 Mar 2011

Date Written: March 22, 2011

Abstract

Understanding the labour market requires an assessment of labour supply as well as labour demand. Labour supply is a significant component of the overall supply side of the economy which plays a role, alongside demand, in shaping inflationary pressure in the economy. How the economy’s supply capacity has been affected by the recession has been raised as an important issue in recent Inflation Reports. How labour force participation evolves in the medium term is likely to depend on whether recent trends in participation continue and how those trends are affected by, among other things, the recession. This article presents a disaggregated view of labour force participation in order to assess the role of these influences.

Suggested Citation

Benito, Andrew and Bunn, Philip, Understanding Labour Force Participation in the United Kingdom (March 22, 2011). Bank of England Quarterly Bulletin 2011 Q1, Available at SSRN: https://ssrn.com/abstract=1792445

Andrew Benito

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Philip Bunn (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Do you want regular updates from SSRN on Twitter?

Paper statistics

Downloads
72
Abstract Views
512
rank
431,377
PlumX Metrics