Unskilled workers have experienced little wage progression in the UK in recent years. The tax and benefit system has until recent propped up incomes at the bottom of the distribution, but this is financially unsustainable and socially and politically untenable. In this lecture Rachel will draw on her own work and that of many other economists to discuss some of the ways that policy can support the creation of good jobs - jobs that allow workers to earn an income sufficient to keep them out of poverty, and offer the prospect of progress through productivity improvement.
About the Speaker
Rachel Griffith is Research Director of the IFS. She is Professor of Economics at the University of Manchester, Editor of the Journal of Political Economy and a Research Fellow of CEPR. Rachel won the Birgit Grodal award in 2014 and was awarded a Damehood in 2021 for services to economic policy and education. Her research considers the relationship between government policy and economic performance. Her specific interests relate to public economics and empirical industrial organisation. The Prais Lecture will focus on her work with Richard Blundell and Philippe Aghion on good jobs for low skilled workers, relating to productivity. There will be a drinks reception to follow.
About the Lecture
Established in 2019, the Prais Lecture typically examines issues relating to productivity, economic growth and human wellbeing. It was formed to commemorate Professor Sig Prais, a colleague, friend and champion of the National Institute for over 60 years. The core focus of his research was on productivity and industrial structure, where he concluded that the poor quality and education were at the root of the UK’s productivity problem. Past speakers include Lord Sainsbury, and Bart van Ark from The Productivity Institute.