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Living standards during previous recessions

Muriel, A.; Sibieta, L.; (2009) Living standards during previous recessions. (IFS Briefing Notes BN85 ). Institute for Fiscal Studies: London, UK. Green open access

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Abstract

The current recession is the first that the UK has experienced since the early 1990s. Much has changed since then, and society's collective memory of who fared worst during previous recessions seems likely to have faded. Many workers in their 20s or early 30s have not experienced a recession during their working lives - including both authors of this report, one of whom had just started secondary school at the end of the last recession and the other of whom had just started junior school. This Briefing Note thus aims to document the course of average living standards, and those of particular subgroups in society, during the previous three UK recessions. It will also show what happened to measures of poverty and inequality during these periods.

Type: Report
Title: Living standards during previous recessions
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ifs.org.uk/publications/4525
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/18294
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