by Steve Gibbons and Henry Overman via Latest articles from CentrePiece - The Magazine for Economic Performance - produced by the CEP
CEPCP353. October 2011.
Average earnings vary widely across the regions of Britain, a fact that has prompted many decades of policies aimed at reducing regional disparities. But as Henry Overman and Steve Gibbons demonstrate, such variation reveals little, especially if we ignore regional differences in the cost of living and availability of local amenities.
Full article: http://cep.lse.ac.uk/pubs/download/cp353.pdf (PDF 3pp)
For further reading, see SERC Discussion Papers No.60, No.65 and No.74 http://www.spatialeconomics.ac.uk/SERC/publications/discussion_papers.asp
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