Effects in the UK of EC Wage Proposals in the Social Charter
Abstract
This article considers the impact of minimum wage legislation on wages, employment and gross domestic product. Using the Liverpool quarterly model of the UK to calculate the total effects in the economy, the authors suggest that unemployment would increase along with the real wages of low paid workers.
Keywords
Citation
Minford, P. and Ashton, P. (1991), "Effects in the UK of EC Wage Proposals in the Social Charter", International Journal of Manpower, Vol. 12 No. 2, pp. 20-23. https://doi.org/10.1108/01437729110003598
Publisher
:MCB UP Ltd
Copyright © 1991, MCB UP Limited