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The Impact of the National Minimum Wage in Small FirmsJames ArrowsmithUniversity of Warwick - Department of Computer Science Mark W. GilmanUniversity of Kent, Canterbury Paul K. EdwardsUniversity of Warwick - Warwick Business School Monder RamDe Montfort University - School of Business British Journal of Industrial Relations, Vol. 41, pp. 435-456, September 2003 Abstract: The introduction of the National Minimum Wage (NMW) had potentially significant implications for small firms. Orthodox economic theory predicts adverse consequences, though institutional analysis points to potential efficiency as well as fairness effects. Using longitudinal data on 55 firms, this paper examines the impact of the NMW in small firms in clothing manufacture and hotel and catering. Different patterns of adjustment were observed, explained by both size and sector characteristics. Overall, the impact of the NMW was mediated by the informality of employment relations in the small firm.
Number of Pages in PDF File: 22 Accepted Paper SeriesDate posted: September 22, 2003Suggested CitationContact Information
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