The Impact of the National Minimum Wage on the Pay Distribution, Employment and Training
Year: 2004
Type: article
Abstract: Britain's first ever national minimum wage (NMW) came into force in April 1999 covering some 5% of workers. Between 1999 and 2002 the NMW rose in line with the growth in average earnings. But for 2003–6 the NMW will be ratcheted up relative to median pay. The evidence shows that between 1998 and 2002 the bottom decile of the pay distribution experienced above average pay rises with no spillover effects further up the distribution. There was no overall employment effect but a small negative impact in the care home sector. The NMW boosts the probability and intensity of training.
Source: The Economic Journal
Author: David Metcalf
Institution: London School of Economics and Political Science
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2088944856