Does the minimum wage affect wage inequality?

Minimum wage (MW) policies are widespread in the developing world and yet their effects are still unclear. In this paper we explore the effect of national MW policies in Latin America’s six largest economies by exploiting the heterogeneity in the bite of the national minimum wage across local labor...

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Autores principales: Lombardo, Carlo Ignazio, Ramírez-Leira, Lucía, Gasparini, Leonardo Carlos
Formato: Articulo Documento de trabajo
Lenguaje:Inglés
Publicado: 2022
Materias:
Ciencias Económicas
Minimum Wage
Wages
Labor Markets
Inequality
Informality
Latin America
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/141513
https://www.cedlas.econo.unlp.edu.ar/wp/wp-content/uploads/doc_cedlas302.pdf?dl=0
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-141513
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
Minimum Wage
Wages
Labor Markets
Inequality
Informality
Latin America
spellingShingle Ciencias Económicas
Minimum Wage
Wages
Labor Markets
Inequality
Informality
Latin America
Lombardo, Carlo Ignazio
Ramírez-Leira, Lucía
Gasparini, Leonardo Carlos
Does the minimum wage affect wage inequality?
topic_facet Ciencias Económicas
Minimum Wage
Wages
Labor Markets
Inequality
Informality
Latin America
description Minimum wage (MW) policies are widespread in the developing world and yet their effects are still unclear. In this paper we explore the effect of national MW policies in Latin America’s six largest economies by exploiting the heterogeneity in the bite of the national minimum wage across local labor markets and over time. We find evidence that the MW has a compression effect on the wage distribution of formal workers. The effect was particularly large during the 2000s, a decade of sustained growth and strong labor markets. In contrast, the effect seems to vanish in the 2010s, a decade of much weaker labor markets. We also find suggestive evidence of a lighthouse effect: the MW seems to have an equalizing effect also on the wage distribution of informal workers.
format Articulo
Documento de trabajo
author Lombardo, Carlo Ignazio
Ramírez-Leira, Lucía
Gasparini, Leonardo Carlos
author_facet Lombardo, Carlo Ignazio
Ramírez-Leira, Lucía
Gasparini, Leonardo Carlos
author_sort Lombardo, Carlo Ignazio
title Does the minimum wage affect wage inequality?
title_short Does the minimum wage affect wage inequality?
title_full Does the minimum wage affect wage inequality?
title_fullStr Does the minimum wage affect wage inequality?
title_full_unstemmed Does the minimum wage affect wage inequality?
title_sort does the minimum wage affect wage inequality?
publishDate 2022
url http://sedici.unlp.edu.ar/handle/10915/141513
https://www.cedlas.econo.unlp.edu.ar/wp/wp-content/uploads/doc_cedlas302.pdf?dl=0
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bdutipo_str Repositorios
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