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The Effects of Statutory Minimum Rates of Pay on Employment in Great Britain

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  • Kaufman, Roger T

Abstract

Estimates of the employment effects of statutory minimum rates of pay are derived for Great Britain. Using a constant elasticity of substitution production function, the author estimates the partial elasticities of substitution in those industries covered by statutory minimum rates to be between 0.45 and 0.85. He then develops a bargaining model and estimates that the elasticity of the average wage rate in these industries with respect to the statutory minimum rate is zero for men and between 0.07 and 0.15 for women. Combining these estimates yields -0.06 as the approximate total employment elasticity of statutory minimum rates. Copyright 1989 by Royal Economic Society.

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Bibliographic Info

Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 99 (1989)
Issue (Month): 398 (December)
Pages: 1040-53

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Handle: RePEc:ecj:econjl:v:99:y:1989:i:398:p:1040-53

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Cited by:
  1. Dessing, Maryke, 2004. "Implications for minimum-wage policies of an S-shaped labor-supply curve," Journal of Economic Behavior & Organization, Elsevier, vol. 53(4), pages 543-568, April.
  2. Daniel Cardona & Fernando Sanchez Losada, 2003. "Union Power, Minimum Wage Legislation, Endogenous Labor Supplies and Production," Working Papers in Economics 105, Universitat de Barcelona. Espai de Recerca en Economia.
  3. Daniel Cardona & Fernando Sánchez-Losada, 2006. "Unions, qualification choice, and output," Oxford Economic Papers, Oxford University Press, vol. 58(1), pages 50-76, January.
  4. Richard Dickens & Stephen Machin & Alan Manning, 1994. "Estimating the effect of minimum wages on employment from the distribution of wages: a critical view," LSE Research Online Documents on Economics 51648, London School of Economics and Political Science, LSE Library.
  5. Richard Dickens & Stephen Machin & Alan Manning, 1994. "The Effects of Minimum Wages on Employment: Theory and Evidence from the US," NBER Working Papers 4742, National Bureau of Economic Research, Inc.

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