The impact of recent up-ratings of the national minimum wage on competitiveness, business performanace and sector dynamics

In our analysis of the impact of recent upratings of the national minimum wage (NMW) we adopt a dual approach to provide a holistic overview of the impact on performance and dynamics, firstly by extending the productivity analysis down to the plant level using an existing cleaned micro-dataset constructed from the Annual Business Inquiry database (available at the VML), by extending the analysis to incorporate measures of profitability, entry and exit and also, at the sector level, updating earlier growth accounting work undertaken by Forth and O\\\'Mahony (2003) and extending the sectoral analysis to consider profitability and entry and exit. In this way, we aim to offer insight into the effect of the NMW, from plant through firm to sector and economy level