Journal Article

Human capital and inequality in the United Kingdom

Date: 01 February 2015
Publisher: Bank of England
Published in: Bank of England, Quarterly Bulletin , Vol. 55, No. 1, pp. 41-42

People’s earnings are determined by their skills (or ‘human capital’), and the price, or wages, of those particular skills. The rise in earnings inequality over the past few decades could reflect rising inequality in either the level of skills or in wages. Cohort studies offer a unique opportunity to understand these drivers of inequality.