Abstract
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.
| Original language | English |
|---|---|
| Pages (from-to) | 435-456 |
| Number of pages | 22 |
| Journal | British Journal of Industrial Relations |
| Volume | 41 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 19 Aug 2003 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
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