Since its establishment in 1997, the Low Pay Commission (LPC) - whose main task is to recommend the rate for the national minimum wage (NMW) to the Prime Minister and the Secretary of State for Trade and Industry - has operated in a very open manner. Commissioners and the (small) secretariat...

Employees in workplaces with a closed shop get paid more than their counterparts in comparable workplaces without a closed shop. Is this pay differential a consequence of high union density or the institution of the closed ship itself? The authors' results indicate that a post-entry closed shop...

Since its establishment in 1997 the Low Pay Commission (LPC)--whose main task is to recommend the rate for the national minimum wage (NMW) to the Prime Minister and the Secretary of State for Trade and Industry--has operated in very open manner. Commissioners and the (small) secretariat have...

In this paper we have undertaken an empirical analysis of the notion that firms introduce managerial innovations as a consequence of bad times, as in the "pit-stop" view of recessions. We first analyze a dynamic model of the firm and conclude that a competitive firm operating in a perfect...