J. Mangan and J. Johnston
International Journal of Social Economics, vol. 26, 1999, p. 415-429.
Recent international findings on the relationship between youth wages and employment are presented and compared with empirical tests of the relationship using labour market data for Australia as whole as well as the State of Queensland. The results are used to examine the likely impact of the introduction of the training wage on the youth labour market in Australia and to provide further generalisations on the wider issue of employment and youth-specific wages.
P. Edwards and M. Gilman
Human Resource Management Journal, vol. 9, 1999, p. 20-38.
Points out that a range of economic theories support the view that wages, even in highly competitive industries, are set, not according to the laws of supply and demand, but within a range of indeterminacy. A worker's wage will reflect variable estimates of their skill and importance to the firm, the state of the business and norms of fairness. A national minimum wage would be one element in these calculation's, rather than a shock with determinate effects.