Draca, Mirko; Machin, Steve; Van Reenen, John - C.E.P.R. Discussion Papers - 2006
the introduction of a minimum wage to the UK labour market in 1999. We use pre-policy information on the distribution of … firm profitability was significantly reduced (and wages significantly raised) by the minimum wage introduction. This … emerges from separate analyses of two distinct types of firm level panel data (one on firms in a very low wage sector, UK …