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Minimum wage hikes and the wage growth of low-wage workers
No full textThis paper presents difference-in-differences estimates of the impact of the British minimum wage on the wage growth of low-wage employees. Estimates of the probability of low-wage employees receiving positive wage growth have been significantly increased by the minimum wage upratings or hikes. However, whether the actual wage growth of these workers has been significantly raised or not depends crucially on the magnitude of the minimum wage hike considered. Findings are consistent with employers complying with the legally binding minimum wage but holding down or offsetting the wage growth that they might have awarded in periods of relatively low minimum wage hikes
Minimum wage hikes and the wage growth of low-wage workers
No full textThis paper presents difference-in-differences estimates of the impact of the British minimum wage on the wage growth of low-wage employees. Estimates of the probability of low-wage employees receiving positive wage growth have been significantly increased by the minimum wage upratings or hikes. However, whether the actual wage growth of these workers has been significantly raised or not depends crucially on the magnitude of the minimum wage hike considered. Findings are consistent with employers complying with the legally binding minimum wage but holding down or offsetting the wage growth that they might have awarded in periods of relatively low minimum wage hikes
Estimating the Impact of the 7th NMW Uprating on the Wage Growth of Low-Wage Workers in Britain
No full textLow pay dynamics and transition probabilities
No full textThis paper models low pay transitions in Britain using a bivariate probit model with endogenous selection to address the ‘initial conditions’problem and parental variables as instruments. The exogeneity of the initial state is strongly rejected and results in considerable overstatement of theeffects of explanatory factors. The probability of being low paid dependsstrongly on low pay in the previous year. Restricting attention to those who remain employees results in an overstatement of the probability of the low paid moving up the earnings distribution, but is not found to have much effect on the estimated effects of explanatory variables
What’s in it for the firms?: Living Wage adoption as signal of ethical practice
No full textWe analyse the effect of the voluntary adoption of a living wage on firms operating in product markets in which consumption behaviour is at least partly determined by reputational concerns for ethical firm behaviour. We show without recourse to morality or efficiency-wage theories that the adoption of a living wage policy may increase consumer welfare as well as producer surplus through the segmentation of a previously homogenous product market. In particular, we demonstrate that it may serve a firm’s profit maximisation interest to voluntarily adopt a living wage
Constraints on the desired hours of work of British men
No full textThis paper investigates constraints on desired hours of work using information on hours preferences from the British Household Panel Survey for 1991. Over a third of male manual workers would prefer to work fewer hours at the prevailing wage than they do and we estimate that on average desired hours per week are 4.3 lower than actual hours. We hypothesise that job insecurity and scarcity of alternative job opportunities enable employers to set hours constraints above employee preferences and find that the minimum hours constraints set by firms are an increasing function of the unemployment rate an individual faces
The relative importance of local labour market conditions and pupil attainment on post-compulsory schooling decisions
Full text linkThis paper assesses the relative importance of local labour market conditions and pupil educational attainment as primary determinants of the post-compulsory schooling decision. Using a nested logit model we formally incorporate the structured and sequential decision process pupils engage with. Our findings show that, on average, the key drivers of the schooling decision are pupil educational attainment and parental aspirations rather than local labour market conditions. However, there is some evidence that higher local unemployment rates encourage males to invest in education, and that interactions with educational attainment suggest local labour market conditions impact heterogeneously across the pupil population
The impact of the minimum wage regime on the education and labour market choices of young people:A report to the Low Pay Commission
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