The impact of the UK national minimum wage on productivity by low-paying sectors and firm-size groups: report to the Low Pay Commission.

Project report


Rizov, M. and Croucher, R. 2011. The impact of the UK national minimum wage on productivity by low-paying sectors and firm-size groups: report to the Low Pay Commission. London The Low Pay Commission.
TypeProject report
TitleThe impact of the UK national minimum wage on productivity by low-paying sectors and firm-size groups: report to the Low Pay Commission.
AuthorsRizov, M. and Croucher, R.
Abstract

Previous research has found little evidence of any impact by the minimum wage on labour or total factor productivity. This report investigated the longitudinal impact on productivity by size of firm. Detailed financial information using the FAME dataset was used to analyse impacts on total factor productivity since the minimum wage’s introduction. In general, it is found that the National Minimum Wage had a significant positive effect on aggregate productivity in low-paying sectors. The strongest effects were in larger firms; small firms showed weaker effects. This may be explained by larger firms greater ability to use monopoly power and also to reorganise their productive processes.

Research GroupEmployment Relations group
PublisherThe Low Pay Commission
Place of publicationLondon
Publication dates
PrintMar 2011
Publication process dates
Deposited12 Apr 2011
Output statusPublished
Additional information

Project report referenced in Low Pay Comission's Annual Report 2011.

Web address (URL)http://www.lowpay.gov.uk/lowpay/report/pdf/Revised_Report_PDF_with_April_date.PDF
LanguageEnglish
File
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