We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Implications of The National Employment Savings Trust for Vulnerable Sectors of the UK Labour Market: A Reduced-Form Statistical Evaluation.
- Authors
van de Ven, Justin
- Abstract
The National Employment Savings Trust (NEST) is a new pension scheme that will be introduced for employees on modest incomes in the UK from 2012. This paper draws out the implications of the NEST, focusing upon low-paid employees and their employers using data from the Annual Survey of Hours and Earnings. The results suggest that the NEST will increase labour costs by between 0.6 and 0.8 per cent on average, and have a disproportionate effect on low pay industries and private sector firms employing fewer than 25 employees. The analysis highlights the potential role of the minimum wage to shield low pay workers from paying a share of the subsidies that the NEST will afford to its members.
- Subjects
UNITED Kingdom; PENSIONS; RETIREMENT income; WAGES; LABOR costs; MINIMUM wage
- Publication
National Institute Economic Review, 2012, Vol 219, pR77
- ISSN
0027-9501
- Publication type
Article
- DOI
10.1177/002795011221900108