The productivity enhancing Impacts of the Minimum Wage: Lessons from Denmark, New Zealand and Ireland
There has been increasing interest of late in the question of whether minimum wage regulations can raise productivity through the 'shock effect'. This paper explores this question in comparative perspective, by examining the impact of minimum wage regulations and institutions in Denmark, New Zealand and Ireland. It argues that while they are important, a supportive institutional framework plays a far more crucial role in providing coordinated solutions to issues of market failure, such as inadequate levels of training. The paper suggests that sectoral bargaining institutions in low-paid sectors may have the potential to facilitate such coordination and enable the high-productivity model to emerge. For the UK context, this raises the question as to whether Wages Councils in a modernised form might have some future role to play.
|Date of creation:||Jun 2007|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.cbr.cam.ac.uk/|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kim Hoque & Scott Taylor & Emma Bell, 2005. "Investors in People: Market-led Voluntarism in Vocational Education and Training," British Journal of Industrial Relations, London School of Economics, vol. 43(1), pages 135-153, 03.
- Tor Eriksson & Niels Westergaard-Nielsen, 2009.
"Wage and Labor Mobility in Denmark, 1980-2000,"
in: The Structure of Wages: An International Comparison, pages 101-123
National Bureau of Economic Research, Inc.
- Wooseok Ok & Peter Tergeist, 2003. "Improving Workers' Skills: Analytical Evidence and the Role of the Social Partners," OECD Social, Employment and Migration Working Papers 10, OECD Publishing.
- Wilkinson, Frank, 1983. "Productive Systems," Cambridge Journal of Economics, Oxford University Press, vol. 7(3-4), pages 413-29, September.
- Watson, Dorothy & Russell, Helen & O'Connell, Philip J., 2011. "The Changing Workplace," Papers RB2011/1/3, Economic and Social Research Institute (ESRI).
- James Arrowsmith & Mark W. Gilman & Paul Edwards & Monder Ram, 2003. "The Impact of the National Minimum Wage in Small Firms," British Journal of Industrial Relations, London School of Economics, vol. 41(3), pages 435-456, 09.
- Amable, Bruno, 2003. "The Diversity of Modern Capitalism," OUP Catalogue, Oxford University Press, number 9780199261147.
- Hall, Peter A. & Soskice, David (ed.), 2001. "Varieties of Capitalism: The Institutional Foundations of Comparative Advantage," OUP Catalogue, Oxford University Press, number 9780199247752.
- Howard Gospel & Jim Foreman, 2006. "Inter-Firm Training Co-ordination in Britain," British Journal of Industrial Relations, London School of Economics, vol. 44(2), pages 191-214, 06.
- Finegold, David & Soskice, David, 1988. "The Failure of Training in Britain: Analysis and Prescription," Oxford Review of Economic Policy, Oxford University Press, vol. 4(3), pages 21-53, Autumn.
- Simon Deakin & Frank Wilkinson, 2000. "Capabilities, Spontaneous Order, And Social Rights," ESRC Centre for Business Research - Working Papers wp174, ESRC Centre for Business Research.
When requesting a correction, please mention this item's handle: RePEc:cbr:cbrwps:wp342. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb)
If references are entirely missing, you can add them using this form.