A National Minimum Wage: Stimulus to Economic Efficiency?

P. Edwards and M. Gilman

Working Papers from Warwick - School of Industrial & Business

Abstract: Debate on the proposed national minimum wage (NMW) has been dominated by its possible effects on employment. Yet these effects are far from automatic for they depend on the reactiond of firms. Two issues may be highlighted. First, estimates of employment effects turn on assumptions as to how much firms' wage bills would rise which in turn depend on estimating the impact of the NMW on pay structures, in particular differentials. Second, there is the possibility that an NMW would have compensating benefits by increasing efficiency.

Keywords: MINIMUM WAGE; EMPLOYMENT (search for similar items in EconPapers)
JEL-codes: J31 J41 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fth:warwin:59

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