@TechReport{iza:izadps:dp1690,
            	author={Jones, Melanie K. and Jones, Richard J. and Murphy, Philip D. and Sloane, Peter J.},
            	title={The Dynamics of the National Minimum Wage: Transitions Between Different Labour Market States},
            	year={2005},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={1690},
            	url={https://www.iza.org/index.php/publications/dp1690},
	abstract={An important policy issue is whether the National Minimum Wage (NMW) introduced in Britain in April 1999, is a stepping stone to higher wages or traps workers in a low-wage – no-wage cycle. In this paper we utilise the longitudinal element of the Labour Force Survey over the period 1999 to 2003 to model transitions between different labour market states – payment at or below the NMW, above the NMW, unemployment and inactivity, using a multinomial logit approach. It appears that for many workers payment at or below the NMW is of relatively short duration and a substantial number move into higher paid jobs.

},
	keywords={steady state distributions;transitions;national minimum wage},
            }