The dynamics of the national minimum wage
Subtitle: transitions between different labour market states
By: by Melanie K. Jones ...[et al.].
Contributors: Jones, Melanie K.
Series: Discussion paper ;; no. 1690; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1690
Publisher: IZA
Published: 2005
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Minimum wage -- Great Britain.; Labor market -- Great Britain.
Description: "An important policy issue is whether the National Minimum Wage (NMW) introduced in Britain in April 1999, is a stepping stone to higher wages or traps workers in a low-wage -- no-wage cycle. In this paper we utilise the longitudinal element of the Labour Force Survey over the period 1999 to 2003 to model transitions between different labour market states -- payment at or below the NMW, above the NMW, unemployment and inactivity, using a multinomial logit approach. It appears that for many workers payment at or below the NMW is of relatively short duration and a substantial number move into higher paid jobs"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 8/10/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.