A Persistence Model of the National Minimum Wage
32 Pages Posted: 8 Mar 2007
Date Written: February 2007
Abstract
This paper utilises the panel element of the BHPS (waves 9 to 14) to examine the dynamics of the National Minimum Wage (NMW) introduced to Britain in 1999. Specifically a persistence measure based on a random effects probit model for those affected by the NMW is constructed. The conditional probabilities imply some degree of state dependence, but there is also a considerable amount of turnover from one year to the next among those affected by the NMW.
Keywords: National Minimum Wage, state dependence, wage mobility
JEL Classification: J0, J3, K31
Suggested Citation: Suggested Citation
Jones, Melanie K. and Jones, Richard J. and Murphy, Philip Daniel and Sloane, Peter J., A Persistence Model of the National Minimum Wage (February 2007). IZA Discussion Paper No. 2595, Available at SSRN: https://ssrn.com/abstract=968954 or http://dx.doi.org/10.2139/ssrn.968954
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