The Agricultural Wages Board for England and Wales sets minimum wages, hours, and overtime rates. Postwar average earnings have always exceeded minimum wages. This paper examines the relationship between average earnings and minimum wages from 1948 to 1993 for regular whole-time males using...

The seasonal root tests of Hylleberg et al (1990) are extended using the sequential approach of Zivot and Andrews (1992). This paper presents Monte Carlo evidence to support a sequential approach to estimation and critical values are estimated. It is demonstrated that non-stationary data with...