Research Paper

A persistence model of the National Minimum Wage

By Melanie K. Jones, Richard J. Jones, Philip D. Murphy and Peter J. Sloane

Publication details

Publication date
Series or book
IZA Discussion Papers
Series or chapter number
2595
Publisher
Institute for the Study of Labor
http://ideas.repec.org/p/iza/izadps/dp2595.html

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.

Notes

discussion paper

Topics