The productivity problem

IFS Zooms In: The Economy

In the past decade, the UK has seen some of the slowest rates of productivity growth of the OECD countries, with output per hour and real wages no higher today than they were prior to the global financial crisis. Why is a high-tech, developed economy like the UK struggling to be more productive? What policies can government implement to get productivity growing again? And how can we spur innovation while also tackling issues like inequality?

This week, we speak to John Van Reenen, Professor of Economics at the London School of Economics, and expert on innovation, firms and productivity.

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