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Minimum wages

Machin, Stephen and Manning, Alan (1992) Minimum wages. CEPDP, 80. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Abstract

Debate about the effect of minimum wages on employment in the United Kingdom has not paid much attention to the impact of the existing system of minimum wages, the Wages Council. In this paper, we look at the consequences of the declining importance of the Wages Council in the 1980s for wage inequality and employment in the covered industries. We find that there has been a significant increase in wage inequality as a result of the failure to raise minimum wages in line with earnings, but there is no evidence that the declining minimum produced any beneficial employment effects. If anything, there seems to be a positive correlation between minimum wages and employment, an effect that seems particularly strong in the catering sector.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1992 the authors
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor
Sets: Research centres and groups > Centre for the Economics of Education (CEE)
Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 80
Date Deposited: 20 Aug 2008 16:34
URL: http://eprints.lse.ac.uk/21048/

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