This paper analyzes long run outcomes resulting from adopting a binding minimum wage in a neoclassical model with perfectly competitive labour markets and capital accumulation. The model distinguishes between workers of heterogeneous ability and capitalists who do all the saving, and it entails...

The paper provides an account of the working of the Low Pay Commission that was established to advise on the introduction of a statutory National Minimum Wage for the UK. It discusses the way in which the Commission was constituted and the consultation procedures and research methods it...

Examines the issue of uprating the minimum wage. Argues that this issue is nearly as important as the level of the minimum wage, but one that has been relatively neglected. Maintains that Britain lacks an adequate uprating mechanism and outlines some consequences of this. Argues that increases...

For much of their history, wages councils have functioned in conditions in which public policy, as expressed in legislation, has favoured the development of voluntary collective bargaining. Since 1979 there has been a marked change of emphasis. The effect of the legislative framework and other...

The Government appointed a Low Pay Commission to advise on the level of the initial rate, and subsequently accepted all the Commission’s recommendations in principle, while taking a more cautious line on young workers. The National Minimum Wage will make a real difference to around two million...

Purpose Debates over the definition, processes and outcomes of minimum and “living” wages are heated and often politically contentious in garment-producing countries. Internationally, there have been various initiatives to promote and support the implementation of a living wage for workers...