The UK National Minimum Wage's Impact on Productivity

被引：16

作者：

Rizov, Marian ^{[1
]}

Croucher, Richard ^{[2
,3
]}

Lange, Thomas ^{[4
,5
,6
]}

机构：

[1] Lincoln Int Business Sch, Lincoln, England

[2] Middlesex Univ, Sch Business, Comparat Employment Relat, London, England

[3] Middlesex Univ, Sch Business, Res, London, England

[4] Australian Catholic Univ, Human Resource Management & Org Behav, Melbourne, Vic, Australia

[5] Australian Catholic Univ, Ctr Sustainable HRM & Wellbeing, Melbourne, Vic, Australia

[6] Australian Catholic Univ, Fac Lawand Business, Melbourne, Vic, Australia

来源：

BRITISH JOURNAL OF MANAGEMENT | 2016年 / 27卷 / 04期

关键词：

SAY-ON-PAY; CORPORATE GOVERNANCE; SHAREHOLDER ACTIVISM; OWNERSHIP; COSTS; HORIZONS; RETURNS; MARKET; FUND;

D O I：

10.1111/1467-8551.12171

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：819 / 835

页数：17

共 42 条

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