A Persistence Model of the National Minimum Wage

This paper utilises the panel element of the BHPS (waves 9 to 14) to examine the dynamics of the National Minimum Wage (NMW) introduced to Britain in 1999. Specifically a persistence measure based on a random effects probit model for those affected by the NMW is constructed. The conditional probabilities imply some degree of state dependence, but there is also a considerable amount of turnover from one year to the next among those affected by the NMW.

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Year of publication:	2007-02
Authors:	Jones, Melanie K. ; Jones, Richard J. ; Murphy, Philip D. ; Sloane, Peter J.
Institutions:	Institute for the Study of Labor (IZA)
Subject:	National Minimum Wage \| state dependence \| wage mobility

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2595 32 pages
Classification:	J0 - Labor and Demographic Economics. General ; J3 - Wages, Compensation, and Labor Costs ; K31 - Labor Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005822028