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Research Paper

Did the Minimum Wage change consumption, saving and debt behaviour? Report to the Low Pay Commission

Authors

Publication date

Feb 2014

Summary

This study looks at the effects of the UK national minimum wage (NMW) on first, the consumption patterns and second, the savings and debt behaviour of households affected by the minimum wage relative to other households.

Subjects

Poverty, Savings And Assets, Wages And Earnings, Household Economics, and Debt: Indebtedness

Links

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/289423/AitkenDoltonWadsworth_Consumption_Saving_Debt_and_NMW_FINAL.pdf

Notes

Is referenced by: Low Pay Commission (2014) National Minimum Wage: Low Pay Commission Report 2014: presented to Parliament by the Secretary of State for Business, Innovation and Skills by Command of Her Majesty March 2014. Command Paper, No. Cm 8816. [London]: Stationery Office.

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