Work

Pay determination in small firms in the UK: the case of the response to the National Minimum Wage

Year: 2002

Type: article

Abstract: Pay determination in small firms is widely expected to follow the dictates of the market. Research on 81 firms in three competitive sectors finds, instead, loosely defined and variable pay structures. This variability is explained in terms of the interplay between labour and product markets, firms’ own choices, and ‘shocks’ such as the National Minimum Wage. This analysis thus contributes to developing institutional theories of labour markets and pay systems.

Source: Industrial Relations Journal

DOI: 10.1111/1468-2338.00219

Authors: Mark Gilman, Paul Edwards, Monder Ram, James Arrowsmith

Institutions: University of Kent, University of Warwick, De Montfort University, University of Birmingham

Language: English

Topic: Labor market dynamics and wage inequality

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

Funder: University of Warwick