The problem of trying to estimate what the effect of the minimum wage will have on employment (or any other outcome) has puzzled economists for over 150 years. Some factions in Germany have recently contemplated supplementing their extensive system of sector and branch minimum wages with a...

This article presents a study of the determinants of pay settlements in a sample of Spanish and British establishments. We find that variables such as establishment size and age, foreign ownership, labour costs, the existence of internal labour markets, a strategic approach to human resource...