Studies of small firms tend to assume either that models derived from large firms can be applied directly or that small firms are uniformly distinct from large ones. A recent framework, based mainly on low-wage family-owned firms, has identified an analytical space to identify different types of...

Data from a longitudinal research programconducted under the ERSC's Future of Work program are used to examinehowsmall firms experience a "regulatory shock" when confronted with thenational minimum wage (NMW), institutedin the UK in 1999. Boththeoretical and methodological aspects of the NMW...