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Spring 2000

ISSN 0890-913X

Volume 15, Number 2

Categories: Spring 2000 | Government Policy

Labor Market Reform in the United Kingdom : From Thatcher to Blair

John T. Addison, University of So. Carolina and University Birmingham (U.K.)

W. Stanley Siebert, University of Birmingham (U.K.)

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LaborMarketReformintheUnitedKingdom:FromThatchertoBlairJohnT.AddisonUniversityofSouthCarolinaandUniversityBirmingham(U.K.)W.StanleySiebertUniversityofBirmingham(U.K.)TheUnitedKingdom=slabormarketreformexperience,broadlydefined,hasattractedconsiderableattentionintheUnitedStatesforthemainreasonthatitistheEuropeancounterfactual,havinggoneinanoppositedirectionfromotherEuropeanUnion(EU)memberstatesformostofthepasttwodecades.1ItisclosertotheUnitedStatesthananyotherEuropancountry,havingfollowedthederegulatorypathbeguninthatnation.Americans,longaccustomedtoseeingEurope=sproblemsaslargelybroughtaboutbylabormarketrigidities,oftenlookbeyondtheirownexperiencetotheU.K.foradditionalconfirmationofthebenefitsoflabormarketflexibilityandderegulation.Crudelyput,inthetransformationofBritainfromthesickmanofEuropetoavibranteconomy,theyhavebeenthatconfirmation.Evenifthingsareneverthatsimpleinpractice,thefactthatNewLabourwastomovecautiouslyaftertakingpowerin1997hintsthatsomethingwasradicallywrongintheBritainofthe1970sandthatmanyoftheThatcherreformshad,howevergrudgingly,gainedwidespreadacceptance.Inthispaper,weprovideareviewoftheboardlabormarketreformsinstitutedinBritainintheThatcherandimmediatepost-Thatcheryears,distinguishingbetweenlaborlawreformsandtherest.Astrongcaveatisthenenteredinrespecttorecentinitiatives1AsecondarybutnonethelessimportantreasonforU.S.interestintheBritishmodelisthepartialprivatizationofthestatepensionscheme.Informationontheseinnovationsisavailablefromtheauthorsonrequest.1

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Title	Labor Market Reform in the United Kingdom : From Thatcher to Blair
Authors/Creators:	John T. Addison, University of So. Carolina and University Birmingham (U.K.) W. Stanley Siebert, University of Birmingham (U.K.)
Year:	2000
Volume:	15
Number:	2
Pages:	1 - 34
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Labour policy, Labour market, Legislation, Unemployment, Law, Labour Law, Market, Economic development, Manufacture, Competition

Citation:
Addison, John T.; Siebert, W. Stanley / 2000. "Labor Market Reform in the United Kingdom : From Thatcher to Blair." The Journal of Private Enterprise, 15(2): 1-34.