McKnight, Abigail and Cooper, Kerris (2022) The Conservative governments’ record on employment: policies, spending and outcomes, May 2015 to pre-COVID 2020. Social Policies and Distributional Outcomes Research Papers (SPDORP12). Centre for Analysis of Social Exclusion, London School of Economics and Political Science, London, UK.
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Abstract
In this paper we evaluate the distributional impact of employment policy in the period since the Conservative Government took office in 2015 up until the eve of the Covid-19 pandemic in early 2020. We do this by following the common framework adopted by research papers in this series for the Social Policies and Distributional Outcomes in a Divided Britain research programme. Employment plays a central role is most people’s lives. It provides an income to fund current consumption, to support dependent children and savings for retirement. Employment can also play a crucial role in determining well-being but employment is not evenly distributed either in terms of quantity or quality; with some people facing much higher risks of unemployment and low pay while others enjoy low risks of unemployment and high paid jobs with favourable terms and conditions of employment. Although a wide range of policy areas influence employment outcomes (for example, education and skills, childcare, social security, health, industrial policy and wider management of the economy), employment policy can help to reduce employment inequalities through active labour market programmes, setting minimum wage rates and through regulation of working conditions and workers’ rights. We document record levels of employment over this period and a marked reduction in earnings inequalities following the introduction of the National Living Wage. However, significant challenges remain including increasing in-work poverty, persistent pay gaps in relation to gender, disability and ethnicity, a decade of lost pay growth, which particularly affected young people, and continued challenges to protect precarious workers.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Official URL: | https://sticerd.lse.ac.uk/CASE/_new/publications/ |
| Additional Information: | © 2022 CASE & LSE |
| Divisions: | Centre for Analysis of Social Exclusion |
| Subjects: | H Social Sciences > HC Economic History and Conditions J Political Science > JN Political institutions (Europe) > JN101 Great Britain H Social Sciences > HD Industries. Land use. Labor |
| JEL classification: | J - Labor and Demographic Economics > J0 - General > J00 - General |
| Date Deposited: | 20 Feb 2024 09:12 |
| Last Modified: | 20 Feb 2024 09:15 |
| URI: | http://eprints.lse.ac.uk/id/eprint/121555 |
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