Marian Rizov
The UK National Minimum Wage's Impact on Productivity
Rizov, Marian; Croucher, Richard; Lange, Thomas
Authors
Richard Croucher
Thomas Lange
Abstract
Low pay poses issues for managers internationally. We examine productivity in low-paying sectors in Britain, since the introduction of the National Minimum Wage (NMW). We use a multiple channel analytical strategy, emphasizing the wage incentives channel and linking it to a model of unobserved productivity. We estimate firm-specific productivity measures and aggregate them to the level of low-paying sectors. Difference-in-differences analysis illustrates that the NMW positively affected aggregate low-paying sector productivity. These findings highlight increased wage incentive effects with implications for management practice and public policy since ‘living’ wages may be productivity enhancing.
Citation
Rizov, M., Croucher, R., & Lange, T. (2016). The UK National Minimum Wage's Impact on Productivity. British Journal of Management, 27(4), 819-835. https://doi.org/10.1111/1467-8551.12171
Journal Article Type | Article |
---|---|
Acceptance Date | Mar 8, 2016 |
Online Publication Date | May 23, 2016 |
Publication Date | 2016-10 |
Deposit Date | Nov 25, 2021 |
Publicly Available Date | Mar 28, 2024 |
Journal | British Journal of Management |
Print ISSN | 1045-3172 |
Electronic ISSN | 1467-8551 |
Publisher | Wiley |
Peer Reviewed | Peer Reviewed |
Volume | 27 |
Issue | 4 |
Pages | 819-835 |
DOI | https://doi.org/10.1111/1467-8551.12171 |
Public URL | http://researchrepository.napier.ac.uk/Output/2824301 |
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Copyright Statement
This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.
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