Minimum wages and wage inequality: some theory and an application to the UK
"Research suggests that, at the levels set in countries like the US and the UK, minimum wages have little effect on employment but do have impacts on wage inequality. However we lack models that can explain these facts – this paper presents one based on imperfect labour markets. The paper also...
| Main Authors: | , , |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
London
2012
LSE |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19129359124919475319-Minimum-wages-and-wage-inequal.htm |
| _version_ | 1771659897241337856 |
|---|---|
| author | Butcher, Tim Dickens, Richard Manning, Alan |
| author_facet | Butcher, Tim Dickens, Richard Manning, Alan |
| collection | Library items |
| description | "Research suggests that, at the levels set in countries like the US and the UK, minimum wages have little effect on employment but do have impacts on wage inequality. However we lack models that can explain these facts – this paper presents one based on imperfect labour markets. The paper also investigates the impact of the UK’s National Minimum Wage on wage inequality finding it can explain a sizeable part of the evolution of wage inequality in the bottom half of the distribution in the period 1998-2010. We also present evidence that the impact of the NMW reaches up to 40% above the NMW in 2010 which corresponds to the 25th percentile. These spillovers are larger in low-wage segments." |
| format | TEXT |
| geographic | United Kingdom USA |
| id | 19129359124919475319_dfe33f2bdfb84951a17244087ed9da02 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19129359124919475319_dfe33f2bdfb84951a17244087ed9da02 |
| is_hierarchy_title | Minimum wages and wage inequality: some theory and an application to the UK |
| language | English |
| physical | 33 p. Digital |
| publishDate | 2012 |
| publisher | London LSE |
| spellingShingle | Butcher, Tim Dickens, Richard Manning, Alan minimum wage wage differential Minimum wages and wage inequality: some theory and an application to the UK |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=111112493939 |
| title | Minimum wages and wage inequality: some theory and an application to the UK |
| topic | minimum wage wage differential |
| url | https://www.labourline.org/KENTIKA-19129359124919475319-Minimum-wages-and-wage-inequal.htm |