Jump to ContentJump to Main Navigation
Seeking a Premier EconomyThe Economic Effects of British Economic Reforms, 1980-2000$
Users without a subscription are not able to see the full content.

David Card, Richard Blundell, and Richard B. Freeman

Print publication date: 2004

Print ISBN-13: 9780226092843

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226092904.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 18 September 2021

Introduction

Introduction

Chapter:
(p.1) Introduction
Source:
Seeking a Premier Economy
Author(s):
David Card, Richard Blundell, Richard B. Freeman
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226092904.003.0001

This book presents a set of studies that assesses some of the economic reforms that the United Kingdom adopted in the 1980s and 1990s. It focuses on a selection of reforms for investigation—in particular, those dealing with labor and product markets that are likely to have had an impact on productivity, employment, and income inequality. First, it shows that the reforms accomplished their main policy goal of making the UK economy and, in particular, the labor market more market-friendly. In the area of product-market reforms, the book reveals that the privatization of traditionally nationalized industries was a major part of the reforms. Also, with its freedom to move capital and extensive stock market, the United Kingdom has a particularly open capital market, which makes it easy for foreign firms to enter. Finally, the United Kingdom sought to increase share ownership by workers in their own firms with the hope of improving the commitment of workers to the firm and raising productivity through employee ownership.

Keywords:   economic reforms, United Kingdom, income inequality, labor market, privatization, employee ownership, productivity, employment, capital market

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.