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Measuring the impact of minimum wages : evidence from Latin America

Author: William F Maloney; Jairo Núñez Méndez
Publisher: Cambridge, MA : National Bureau of Economic Research, ©2003.
Series: Working paper series (National Bureau of Economic Research), no. 9800.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Abstract: This paper first provides an overview of the levels of minimum wages in Latin America and their true impact on the distribution of wages using both numerical measures and kernel density plots. It identifies numeraire' effects higher in the wage distribution and lighthouse' or reference effects in the unregulated or informal' sector. The final section then employs panel employment data from Colombia, a  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: William F Maloney; Jairo Núñez Méndez
OCLC Number: 53041435
Notes: "June 2003."
Description: 1 online resource (18, [9] pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 9800.
Responsibility: William F. Maloney, Jairo Nuñez Mendez.

Abstract:

Abstract: This paper first provides an overview of the levels of minimum wages in Latin America and their true impact on the distribution of wages using both numerical measures and kernel density plots. It identifies numeraire' effects higher in the wage distribution and lighthouse' or reference effects in the unregulated or informal' sector. The final section then employs panel employment data from Colombia, a country where minimum wages seem high and very binding, to quantify the effects of an increase on wages and employment. The evidence suggests that in the Latin American context, the minimum wage has impacts beyond those usually contemplated in the advanced country literature.

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