The Effect of the Minimum Wage in Latin America's six largest economies

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 how binding minimum wages are across local labor markets...

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Detalles Bibliográficos
Autores principales: Ramírez Leira, Lucía, Lombardo, Carlo Ignazio, Gasparini, Leonardo Carlos
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2021
Materias:
Ciencias Económicas
Minimum Wage
Wages
Labor Markets
Inequality
Informality
Latin America
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/169234
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-169234
record_format dspace
spelling I19-R120-10915-1692342024-08-29T04:07:47Z http://sedici.unlp.edu.ar/handle/10915/169234 The Effect of the Minimum Wage in Latin America's six largest economies Ramírez Leira, Lucía Lombardo, Carlo Ignazio Gasparini, Leonardo Carlos 2021-11 2021 2024-08-28T19:02:51Z en Ciencias Económicas Minimum Wage Wages Labor Markets Inequality Informality Latin America 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 how binding minimum wages are 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 unequalizing effect also on the wage distribution of informal workers. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
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
Ramírez Leira, Lucía
Lombardo, Carlo Ignazio
Gasparini, Leonardo Carlos
The Effect of the Minimum Wage in Latin America's six largest economies
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 how binding minimum wages are 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 unequalizing effect also on the wage distribution of informal workers.
format Objeto de conferencia
Objeto de conferencia
author Ramírez Leira, Lucía
Lombardo, Carlo Ignazio
Gasparini, Leonardo Carlos
author_facet Ramírez Leira, Lucía
Lombardo, Carlo Ignazio
Gasparini, Leonardo Carlos
author_sort Ramírez Leira, Lucía
title The Effect of the Minimum Wage in Latin America's six largest economies
title_short The Effect of the Minimum Wage in Latin America's six largest economies
title_full The Effect of the Minimum Wage in Latin America's six largest economies
title_fullStr The Effect of the Minimum Wage in Latin America's six largest economies
title_full_unstemmed The Effect of the Minimum Wage in Latin America's six largest economies
title_sort effect of the minimum wage in latin america's six largest economies
publishDate 2021
url http://sedici.unlp.edu.ar/handle/10915/169234
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