Pay Determination in Small Firms in the UK: The Case of the Response to the National Minimum Wage
Mark W. Gilman
University of Kent, Canterbury
Paul K. Edwards
University of Warwick - Warwick Business School
De Montfort University - School of Business
University of Warwick - Department of Computer Science
Industrial Relations Journal, Vol. 33, pp. 52-67, 2002
Pay determination in small firms is widely expected to follow the dictates of the market. Research on 81 firms in three competitive sectors finds, instead, loosely defined and variable pay structures. This variability is explained in terms of the interplay between labour and product markets, firms' own choices, and 'shocks' such as the National Minimum Wage. This analysis thus contributes to developing institutional theories of labour markets and pay systems.
Number of Pages in PDF File: 16Accepted Paper Series
Date posted: November 17, 2002
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