Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
The Agricultural Wages Board for England and Wales sets minimum wages, hours, and overtime rates. Postwar average earnings have always exceeded minimum wages. This paper examines the relationship between average earnings and minimum wages from 1948 to 1993 for regular whole-time males using cointegration analysis. The results imply the existence of such a relationship and that earnings Granger-cause minimum wages. The Agricultural Wages Board, therefore, has been reactive having had no impact on average earnings. Copyright 1996 by Blackwell Publishing Ltd