A Persistence Model of the National Minimum Wage

Melanie K. Jones (), Richard John Jones, Philip D. Murphy () and Peter James Sloane
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Melanie K. Jones: WELMERC, University of Wales at Swansea
Philip D. Murphy: WELMERC, University of Wales at Swansea

No 2595, IZA Discussion Papers from Institute for the Study of Labor (IZA)

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.

Keywords: National Minimum Wage; state dependence; wage mobility (search for similar items in EconPapers)
JEL-codes: J0 J3 K31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-law
Date: 2007-02
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