The data shown in Table 4.15 shows average weekly earnings for all adults, weekly rate of…

The data shown in Table 4.15 shows average weekly earnings for all adults, weekly rate of unemployment benefit for adults and the retail price index for the UK for the period 1994–2003.

Using this data comment on any trends in earnings and benefits. Do you think the RPI is the most appropriate index for deflating the unemployment benefit series?

 

 

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