The Low Pay Commission After Eight Years
AbstractThe Low Pay Commission is the institution created in 1997 to introduce Britain’s first National Minimum Wage. The paper places the Commission in historical perspective and provides a summary assessment of the initial impact of the Minimum Wage. It describes and analyses the development of the Commission and its concerns, conduct and advice. Central to its performance has been its independent, ‘social partnership’ constitution. The conclusion emphasises the centrality of the Commission’s use of widespread consultation and academic research, and the unique asset of firm enforcement of the National Minimum Wage by HM Revenue and Customs.
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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0544.
Date of creation: Oct 2005
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Web page: http://www.econ.cam.ac.uk/index.htm
minimum wage; social partnership; labour market regulation;
Find related papers by JEL classification:
- I3 - Health, Education, and Welfare - - Welfare and Poverty
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
- J8 - Labor and Demographic Economics - - Labor Standards
- K3 - Law and Economics - - Other Substantive Areas of Law
- L5 - Industrial Organization - - Regulation and Industrial Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-10-22 (All new papers)
- NEP-HIS-2005-10-22 (Business, Economic & Financial History)
- NEP-LAB-2005-10-22 (Labour Economics)
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