recession

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    Responding to the recession: smaller businesses reduced labour costs; larger firms reduced their workforce

Responding to the recession: smaller businesses reduced labour costs; larger firms reduced their workforce

Looking at the experiences of British businesses during the financial crisis, Yanqing Lai, George Saridakis, Robert Blackburn and Steward Johnstone find that small and medium-sized firms were more likely to have responded with cutting pay and work hours. They also find that large firms were more likely to have responded with personnel layoffs, mainly due to having less flexible […]

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    Prejudice during economic downturns: recessions can disproportionately penalise minority individuals

Prejudice during economic downturns: recessions can disproportionately penalise minority individuals

Is there more racial prejudice when the economy is weak and does it result in greater racial discrimination in the workplace? In an exploration of UK social attitudes and labour market outcomes over the business cycle, David Johnston and Grace Lordan detect a widening of racial inequalities in wages and employment during recessions.

Some commentators have suggested that racial prejudice […]

The UK recession: brought to you by banks, and perhaps maintained by banks

This is a recession created by banks, and there is a real danger that the power banks have over governments, and this government in particular, may mean we never make up the ground we have lost, writes Simon Wren-Lewis. What I want to do is look at why we had a recession, and what has happened over the last five years, […]

Waiting for the Great Recession train to crash: How the poorest are about to be hit the hardest, and how we can prevent this

Karen Rowlingson argues that the unprecedented reforms to the social security system are set have the greatest impact on the most vulnerable in society. Recent data shows that two-thirds of children in poverty are living in working families, suggesting that work clearly isn’t working as a route out of poverty and that the tax credit/benefit system is playing a major role in […]

What does the recession mean for the income distribution?

The fall in UK living standards which is following the recession has been widely acknowledged but the question of how this is impacting on different groups within society remains profoundly contentious. Robert Joyce offers an analysis of these changes and argues that we are seeing significant real decline across the income distribution.  It is now old news that the UK recently experienced […]

Introducing our latest eCollection: Resilience in the Recession

Elizabeth Cotton reflects on a series of posts written for this site on wellbeing and the workplace. The six articles have been compiled into an eCollection that can be downloaded in PDF format. One year on from these original six blogs and I’ve learned a lot about surviving work through blogging. As a life-long member of Team Neurotic I had never […]

December 17th, 2012|Elizabeth Cotton|1 Comment|

Given the enormity of the short- and long-run fiscal challenges facing the US, the lack of policy detail from both presidential candidates is disappointing

In the second part of their analysis of US policy responses to the economic recession, Ethan Ilzetzki and Jonathan Pinder examine the policy efforts aimed at reducing US public debt. They argue that proposals put forward by both presidential candidates are woefully short of specifics. Given the UK’s approach to tackling government debt, this analysis provides reasons for having a clear […]

Monetary or fiscal stimulus can help only if unemployment is cyclical; otherwise, if unemployment is structural expansionary policies will lead only to inflation. Careful recent analyses indicate that unemployment is mainly cyclical in the US

Ethan Ilzetzki and Jonathan Pinder examine the US economic woes since the beginning of the recession and the policy response aimed at fighting unemployment. They find that monetary or fiscal stimulus can help only if unemployment is cyclical and that unemployment (now at 7.8%) is indeed mainly cyclical. The examination of the US experience provides valuable insight for the UK experience, […]

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This work by British Politics and Policy at LSE is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.