Asymmetric nexus between wages and productivity in the context of the global financial crisis

In the context of breakdown wage-productivity nexus since 2008–09 Global Financial Crisis, this study analyzes that in UK by accounting for potential asymmetries and nonlinearities. Employing a NARDL framework data from 2000Q1 to 2018Q4, our key findings suggest aggregate productivity within retail sector have significant positive impact on wages sector. However, there are important The is found be many times smaller than across economy as whole. Economic growth, inflation unemployment rates effects wage growth over short term. long run, it sole statistically influence wages. Our contribute debate productivity-wage profound implications labour market policies.