- Home
- Publications
- Implications Of The National Employment Savings Trust For Vulnerable Sectors Of The UK Labour Market: A Reduced-form Statistical Evaluation
Implications of the national employment savings trust for vulnerable sectors of the UK labour market: a reduced-form statistical evaluation
Authors
Related Themes
Productivity, Trade, and Regional EconomiesJournal
, No. 219
External Resources
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.
A subscription may be required to access this article
Related Blog Posts
Exploring the Data on UK Productivity Performance
Issam Samiri
Stephen Millard
11 Dec 2023
4 min read
UK Investment Past and Prospects: A Framework for Analysis
Catherine Mann
01 Dec 2023
6 min read
Where Are We With Regional Inequalities in the UK?
Adrian Pabst
Jagjit S. Chadha
01 Nov 2023
5 min read
Related Projects
Related News
Related Publications
UK Business Investment: Economists, Managers, Financiers
25 Apr 2024
UK Productivity Commission
Productivity and Investment: Time to Manage the Project of Renewal
12 Mar 2024
UK Productivity Commission
UK Households Should Start Feeling Better Off as Election Looms
07 Feb 2024
UK Economic Outlook