Pay

The public health response to the COVID-19 pandemic is likely to reduce household incomes as workers lose their jobs, earnings fall, and plummeting share prices and interest rates lead to lower incomes from savings and investments. Newly released official statistics on incomes and poverty in the UK in 2018–19, published by the Department for Work and Pensions (DWP), show this downturn will come after a sustained period of income stagnation in the latter half of the last decade – which itself followed only a brief recovery from the late 2000s recession.

Employing public sector workers to help deliver public services is a major part of what government does. The number of workers employed by the government and how much they are paid matters not just for those individuals and their families, but also for the public finances and for the public services those employees help provide.

Minimum wages can play an important role in raising living standards, and have become an important part of a government’s toolkit in addressing low pay.

Whether the UK leaves the European Union, and if so on what terms, is a crucial issue andtherefore rightly should be the subject of much debate in the run-up to the generalelection on 12 December.

This paper investigates how different income shocks shape consumption dynamics over the business cycle. First, we break new ground by creating a unique, panel dataset of transitory and permanent income shocks, using subjective income expectations from the Dutch Household Survey.

In this short briefing note, we look at how earnings have changed over the last 11 years, how that differs when looking at hourly and weekly pay, and how different groups have seen different trends.

Postgraduate degree holders experience lower cyclical wage variation than those with undergraduate degrees.

How do average levels of income and wealth differ in Britain for those born between the 1930s and 1980s?