The UK national minimum wage's impact on productivity
Journal article
Rizov, Marian, Croucher, Richard and Lange, Thomas Wilhelm Karl. (2016). The UK national minimum wage's impact on productivity. British Journal of Management. https://doi.org/10.1111/1467-8551.12171
Authors | Rizov, Marian, Croucher, Richard and Lange, Thomas Wilhelm Karl |
---|---|
Abstract | Low pay poses issues for managers internationally. We examine productivity in low-paying sectors in Britain, since the introduction of the National Minimum Wage (NMW). We use a multiple channel analytical strategy, emphasizing the wage incentives channel and linking it to a model of unobserved productivity. We estimate firm-specific productivity measures and aggregate them to the level of low-paying sectors. Difference-in-differences analysis illustrates that the NMW positively affected aggregate low-paying sector productivity. These findings highlight increased wage incentive effects with implications for management practice and public policy since ‘living’ wages may be productivity enhancing. |
Year | 2016 |
Journal | British Journal of Management |
Publisher | Wiley |
ISSN | 1045-3172 |
Digital Object Identifier (DOI) | https://doi.org/10.1111/1467-8551.12171 |
Scopus EID | 2-s2.0-84991688670 |
Open access | Open access |
Page range | 819 - 835 |
Publisher's version | License |
Place of publication | United Kingdom |
Editors | P. Budhwar and G. Wood |
https://acuresearchbank.acu.edu.au/item/88559/the-uk-national-minimum-wage-s-impact-on-productivity
Download files
108
total views116
total downloads0
views this month0
downloads this month