Sectoral transformation and labour-market flows

This paper examines the pattern of sectoral transformation that has occurre d in the United Kingdom in the post-war period and documents the flows of w orkers that have occurred between industrial and services sectors and the n on-employment that has resulted. It then examines what consequences sectora l transformation has had for wages and unemployment, both at the aggregate and the individual level. It concludes by examining the policy implications of its findings.