TY - JOUR
T1 - The Impact of the National Minimum Wage in Small Firms
AU - Arrowsmith, James
AU - Gilman, Mark W.
AU - Edwards, Paul
AU - Ram, Monder
PY - 2003/8/19
Y1 - 2003/8/19
N2 - The introduction of the National Minimum Wage (NMW) had potentially significant implications for small firms. Orthodox economic theory predicts adverse consequences, though institutional analysis points to potential efficiency as well as fairness effects. Using longitudinal data on 55 firms, this paper examines the impact of the NMW in small firms in clothing manufacture and hotel and catering. Different patterns of adjustment were observed, explained by both size and sector characteristics. Overall, the impact of the NMW was mediated by the informality of employment relations in the small firm.
AB - The introduction of the National Minimum Wage (NMW) had potentially significant implications for small firms. Orthodox economic theory predicts adverse consequences, though institutional analysis points to potential efficiency as well as fairness effects. Using longitudinal data on 55 firms, this paper examines the impact of the NMW in small firms in clothing manufacture and hotel and catering. Different patterns of adjustment were observed, explained by both size and sector characteristics. Overall, the impact of the NMW was mediated by the informality of employment relations in the small firm.
UR - http://www.scopus.com/inward/record.url?scp=0042919425&partnerID=8YFLogxK
UR - https://onlinelibrary.wiley.com/doi/10.1111/1467-8543.00281
U2 - 10.1111/1467-8543.00281
DO - 10.1111/1467-8543.00281
M3 - Review article
AN - SCOPUS:0042919425
SN - 0007-1080
VL - 41
SP - 435
EP - 456
JO - British Journal of Industrial Relations
JF - British Journal of Industrial Relations
IS - 3
ER -