The UK National Minimum Wage's Impact on Productivity
研究了英国国家最低工资引入后，低薪行业的生产率变化，发现最低工资通过工资激励渠道提升了生产率，对管理实践和公共政策有启示。
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.