Average Earnings, Minimum Wages and Granger-Causality in Agriculture in England and Wales
Richard Tiffin () and
P J Dawson
Oxford Bulletin of Economics and Statistics, 1996, vol. 58, issue 3, 435-47
Abstract:
The Agricultural Wages Board for England and Wales sets minimum wages, hours, and overtime rates. Postwar average earnings have always exceeded minimum wages. This paper examines the relationship between average earnings and minimum wages from 1948 to 1993 for regular whole-time males using cointegration analysis. The results imply the existence of such a relationship and that earnings Granger-cause minimum wages. The Agricultural Wages Board, therefore, has been reactive having had no impact on average earnings. Copyright 1996 by Blackwell Publishing Ltd
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:bla:obuest:v:58:y:1996:i:3:p:435-47
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