The low pay commission and the national minimum wage

Article Abstract:

The UK established the Low Pay Commission (LPC) in Jul 1997 following nearly a century of statutory regulation of wages, particularly of minimum pay levels. The LPC was expected to resolve the definition of a national minimum wage (NMW), set the ideal NMW rate and define its impact for young working people. The NMW conditioned pay distribution, employment and inflation, market competition, family income and Exchequer costs. Results of the NMW made analysts see the LPC as a successful model of social partnership, particularly for conducting consistent open consultations.

United Kingdom, Evaluation, Laws, regulations and rules, Economic policy, Wages, Minimum wage, Economic security, Income maintenance programs

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Designing and implementing in-work benefits

Article Abstract:

The crucial role of labor supply incentives is being emphasized. The US and the UK's family credit and earned income tax credit are used in evaluating in-work benefits based on criteria which include transparency, take-up, compliance, administration and assessment of entitlement. It is concluded that the choice between the US and the UK is affected by the intent to maximizing take-up and compliance and minimizing administration and compliance costs.

Analysis, Employment, Compensation and benefits, Workers, Earned income tax credit

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