The Impact Of Minimum Wages In Mexico And Colombia
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The Impact Of Minimum Wages In Mexico And Colombia
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Author : Linda A. Bell
language : en
Publisher: World Bank Publications
Release Date :
The Impact Of Minimum Wages In Mexico And Colombia written by Linda A. Bell and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Measuring The Impact Of Minimum Wages
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Author : William Francis Maloney
language : en
Publisher: World Bank Publications
Release Date : 2003
Measuring The Impact Of Minimum Wages written by William Francis Maloney and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Income distribution categories.
Simple numerical measures of the minimum wage may offer deceptive indicators of its impact. Alternative measures, such as kernel density or cumulative distribution plots, are more reliable, and highlight influences higher in the wage distribution or on the informal sector. Panel employment data from Colombia, where minimum wages seem high and binding, show that the minimum wage can have important impacts on wages and unemployment across the wage distribution.
The Impact Of Minimum Wages In Mexico And Colombia
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Author : Linda A. Bell
language : en
Publisher:
Release Date : 1995
The Impact Of Minimum Wages In Mexico And Colombia written by Linda A. Bell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Labor supply categories.
The Impact Of Minimum Wages In Mexico And Colombia
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Author : A. Linda Bell
language : en
Publisher:
Release Date : 1999
The Impact Of Minimum Wages In Mexico And Colombia written by A. Linda Bell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
September 1995 Comparative data from Mexico and Colombia are used to analyze the impact of minimum wages. In Mexico, low levels of compliance and ineffective levels of minimum wages imply negligible employment effects. In Colombia, where the minimum wage is closer to the average wage in the formal sector, the minimum wage has a significant impact on employment. There are diverging views about how minimum wages affect labor markets in developing countries. Advocates of minimum wages hold that they redistribute resources in a welfare-enhancing way, and can thus reduce poverty, improve productivity, and foster growth. Opponents, on the other hand, contend that minimum wage interventions result in a misallocation of labor and lead to depressed wages in the very sectors -- the rural and informal urban sectors -- where most of the poor are found, with the effect of wasting resources and reducing the growth rate. Data from Colombia and Mexico for the 1980s provide an opportunity to evaluate the impact of minimum wages. In Mexico in the 1980s, the minimum wage fell in real terms roughly 45 percent. By 1990, Mexico's minimum wage was about 13 percent of the average unskilled manufacturing wage. During the same period, the minimum wage in Colombia increased at nearly the same rate, reaching roughly 53 percent of the average unskilled wage. Bell charts how the mandated minimum wage affected the demand for skilled and unskilled labor in both countries during that decade. She finds: * In Mexico, minimum wages have had virtually no effect on wages or employment in the formal sector. The main reason: the minimum wage is not an effective wage for most firms or workers. In the informal sector, in turn, there is considerable noncompliance with the mandated minimum wage, especially among part-time and female workers. As a result, significant numbers of workers are paid at or below minimum wages. * In Colombia, minimum wages have a much stronger impact on wages, judging from their proximity to the average wage and both cross-section and time series estimates. The estimates imply that the elasticity of low-paid unskilled employment with respect to minimum wages is in the range of 2 to 12 percent. This paper -- a product of the Poverty and Human Resources Division, Policy Research Department -- is part of a larger effort in the department to analyze the implications of labor market distortions. The study was funded by the Bank's Research Support Budget under the research project The Impact of Labor Market Policies and Institutions on Economic Performance (RPO 678-46).
The Impact Of Minimum Wages On Wage Inequality And Employment In The Formal And Informal Sector In Costa Rica
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Author : Fatma El Hamidi and Katherine Terrell
language : en
Publisher:
Release Date : 2001
The Impact Of Minimum Wages On Wage Inequality And Employment In The Formal And Informal Sector In Costa Rica written by Fatma El Hamidi and Katherine Terrell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
The Impact Of Minimum Wages In Mexico And Colombia
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Author : Linda A. Bell
language : en
Publisher:
Release Date : 1995
The Impact Of Minimum Wages In Mexico And Colombia written by Linda A. Bell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Minimum wage categories.
Wage Inequality In Latin America
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Author : Julián Messina
language : en
Publisher: World Bank Publications
Release Date : 2017-12-28
Wage Inequality In Latin America written by Julián Messina and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-28 with Business & Economics categories.
What caused the decline in wage inequality of the 2000s in Latin America? Looking to the future, will the current economic slowdown be regressive? Wage Inequality in Latin America: Understanding the Past to Prepare for the Future addresses these two questions by reviewing relevant literature and providing new evidence on what we know from the conceptual, empirical, and policy perspectives.The answer to the fi rst question can be broken down into several parts, although the bottom line is that the changes in wage inequality resulted from a combination of three forces: (a) education expansion and its eff ect on falling returns to skill (the supply-side story); (b) shifts in aggregate domestic demand; and (c) exchange rate appreciation from the commodity boom and the associated shift to the nontradable sector that changed interfi rm wage diff erences. Other forces had a non-negligible but secondary role in some countries, while they were not present in others. These include the rapid increase of the minimum wage and a rapid trend toward formalization of employment, which played a supporting role but only during the boom.Understanding the forces behind recent trends also helps to shed light on the second question. The analysis in this volume suggests that theeconomic slowdown is putting the brakes on the reduction of inequality in Latin America and will likely continue to do so—but it might not actuallyreverse the region’s movement toward less wage inequality.
The Fundamentals Of Minimum Wage Fixing
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Author : François Eyraud
language : en
Publisher: International Labour Organization
Release Date : 2005
The Fundamentals Of Minimum Wage Fixing written by François Eyraud and has been published by International Labour Organization this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
This manual draws on the ILO's comprehensive database containing the principal legal provisions and minimum wage fixing mechanisms in 100 countries. The minimum wage has had a long and turbulent history, and this study sheds light on its intricacies by providing a thorough overview of the institutions and practices in different countries. It outlines the main topics for debate concerning the effects of minimum wages on major social and economic variables such as employment, wage inequality, and poverty. The book considers the various procedures countries use for implementation, including the criteria employed to fix the minimum wage, and how they are linked to specific country objectives. It then measures the efficiency of the minimum wage, and focuses on its impact on employment as a major political issue. For the benefit of non-specialists, the validity of econometric models and their results are examined.
Economia Fall 2004 Journal Of The Latin American And Caribbean Economic Association
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Author : Andres Velasco
language : en
Publisher: Brookings Institution Press
Release Date : 2005-01-01
Economia Fall 2004 Journal Of The Latin American And Caribbean Economic Association written by Andres Velasco and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-01 with Business & Economics categories.
This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers to share high-quality research directly applied to policy issues within and among those countries.Contents Include: The Impact of the Basel Accord on Bank Credit Growth: A Cross-Country Study Ralph Chami and Adolfo Barajas (IMF) and Thomas Cosimano (University of Notre DameDistributional Effects of Crises: The Financial Channel Marina Halac and Sergio L. Schmukler (World Bank)Growth and Adjustment in East Asia and Latin America José De Gregorio (Banco Central de Chile) and Jong-Wha Lee (Korea University) Labor Market Adjustment in Chile Kevin Cowan, Alejandro Micco, and Carmen Pages (IADB)A Menu of Minimum Wage Variables for Evaluating Wage and Employment Effects: Evidence from Brazil Sara Lemos (University of Leicester)
Minimum Wages And Social Policy
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Author : Wendy V. Cunningham
language : en
Publisher: World Bank Publications
Release Date : 2007
Minimum Wages And Social Policy written by Wendy V. Cunningham and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Political Science categories.
Offering evidence from both detailed individual country studies and homogenized statistics across the Latin American and Caribbean region, this book examines the impact of the minimum wage on wages, employment, poverty, income distribution and government budgets in the context of a large informal sector and predominantly unskilled workforces.