@TechReport{iza:izadps:dp2595,
            	author={Jones, Melanie K. and Jones, Richard J. and Murphy, Philip D. and Sloane, Peter J.},
            	title={A Persistence Model of the National Minimum Wage},
            	year={2007},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={2595},
            	url={https://www.iza.org/publications/dp2595},
	abstract={This paper utilises the panel element of the BHPS (waves 9 to 14) to examine the dynamics of the National Minimum Wage (NMW) introduced to Britain in 1999. Specifically a persistence measure based on a random effects probit model for those affected by the NMW is constructed. The conditional probabilities imply some degree of state dependence, but there is also a considerable amount of turnover from one year to the next among those affected by the NMW.},
	keywords={National Minimum Wage;state dependence;wage mobility},
            }