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Data from a longitudinal research programconducted under the ERSC's Future of Work program are used to examinehowsmall firms experience a "regulatory shock" when confronted with thenational minimum wage (NMW), institutedin the UK in 1999. Boththeoretical and methodological aspects of the NMW...
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This paper estimates the impact of the introduction of the UK minimum wage on the working hours of low-wage employees using difference-in-differences estimators. The estimates using the employer-based New Earnings Surveys indicate that the introduction of the minimum wage reduced the basic hours...
Persistent link: https://www.econbiz.de/10014221383
Pay determination in small firms is widely expected to follow the dictates of the market. Research on 81 firms in three competitive sectors finds, instead, loosely defined and variable pay structures. This variability is explained in terms of the interplay between labour and product markets,...
Persistent link: https://www.econbiz.de/10014117615
In two papers, Meyer and Wise (1983a,b) present an ingenious method for estimating the effect of minimum wage rates on wages and employment using data based only on the observed cross-sectional distribution of wages. They, and others who have used this method, have generally found that the...
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economic theory predicts adverse consequences, though institutional analysis points to potential efficiency as well as fairness …
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Consideration of the National Minimum Wage requires estimates of the distribution of hourly pay. The UK Labour Force Survey (LFS) is a key source of such estimates. The approach most frequently adopted by researchers has been to measure hourly earnings from several questions on pay and hours....
Persistent link: https://www.econbiz.de/10014076443