RT Book, Section
T1 Financial services industry power and labor market polarization in the UK debt-led growth model
A1 López Gallego, Julián
A1 Rial Quiroga, Adrián
AB This chapter describes the economic structural foundations of the United Kingdom (UK) growth model since the 1980s, regarding output, employment, demand, and income distribution, focusing on those aspects relevant to our goals. It contains a brief analysis of the main institutional characteristics and economic implications of both the financial and labor axes. The chapter explores the impact of the financial and political crisis on both. It shows several stylized facts that define the UK growth model during the years after the Great Recession. Regarding supply factors, the UK economy exhibits low productivity growth rates because of the slowdown of productivity growth in industries that showed high productivity growth in the previous period and, to a lesser extent, because of employment growth in low productivity growth industries. With respect to the labor axis, it is argued that the UK labor market has been characterized by an increasing dualization.
PB Routledge 
SN 978-1-032-00724-3
SN 978-0-367-89698-0
SN 978-1-003-02058-5
YR 2021
FD 2021
LK https://hdl.handle.net/20.500.14352/100002
UL https://hdl.handle.net/20.500.14352/100002
LA eng
NO López Gallego, J. y Rial, A. (2021) «Financial services industry power and labor market polarization in the UK debt-led growth model», en Institutional change after the great recession: European growth models at the crossroads. ----: Routledge Reino Unido, pp. 273-306.
DS Docta Complutense
RD 20 abr 2025