The Relationship Between Gig Economy and Dependent Labour in the United Kingdom

This paper considers the impact of the gig economy on the dependent employment in the United Kingdom with the help of the instrumental variable method, namely, the two-step least squares method. Further, for the justification of the stability of results, the paper considers the Arellano-Bond method of moments, which includes considering the lags of variables in the model and different specifications of the two-stage least squares method. During the research, it was found that the emergence of new participants in the gig economy contributes to an increase in the number of employees in the dependent employment. The results of the study are identical when considering and analyzing two different models. The current work makes a great contribution to the modern research sphere, connected to the effect of the emergence of the gig economy, which is now developing at a very high pace, on the dependent labor. The researches like this on the effect on the dependent labor of Great Britain has never been carried before.