Draca, Mirko; Machin, Stephen; Reenen, John Van - Institute for the Study of Labor (IZA) - 2006
other aspects of firm behaviour. In this paper we consider the impact of minimum wages on firm profitability by exploiting … firm profitability was significantly reduced (and wages significantly raised) by the minimum wage introduction. This … residential care homes, and a second on firms across all sectors). Interestingly, we find no evidence that the profitability …