The Effect of the Minimum Wage in Latin America's six largest economies
- Autores
- Ramírez Leira, Lucía; Lombardo, Carlo Ignazio; Gasparini, Leonardo Carlos
- Año de publicación
- 2021
- Idioma
- inglés
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- 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 - Materia
-
Ciencias Económicas
Minimum Wage
Wages
Labor Markets
Inequality
Informality
Latin America - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by-nc-sa/4.0/
- Repositorio
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/169234
Ver los metadatos del registro completo
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The Effect of the Minimum Wage in Latin America's six largest economiesRamírez Leira, LucíaLombardo, Carlo IgnazioGasparini, Leonardo CarlosCiencias EconómicasMinimum WageWagesLabor MarketsInequalityInformalityLatin AmericaMinimum 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 Económicas2021-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/169234enginfo:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2021/ramirez_2021.pdfinfo:eu-repo/semantics/altIdentifier/issn/1852-0022info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T11:43:15Zoai:sedici.unlp.edu.ar:10915/169234Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 11:43:16.159SEDICI (UNLP) - Universidad Nacional de La Platafalse |
dc.title.none.fl_str_mv |
The Effect of the Minimum Wage in Latin America's six largest economies |
title |
The Effect of the Minimum Wage in Latin America's six largest economies |
spellingShingle |
The Effect of the Minimum Wage in Latin America's six largest economies Ramírez Leira, Lucía Ciencias Económicas Minimum Wage Wages Labor Markets Inequality Informality Latin America |
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 |
The Effect of the Minimum Wage in Latin America's six largest economies |
dc.creator.none.fl_str_mv |
Ramírez Leira, Lucía Lombardo, Carlo Ignazio Gasparini, Leonardo Carlos |
author |
Ramírez Leira, Lucía |
author_facet |
Ramírez Leira, Lucía Lombardo, Carlo Ignazio Gasparini, Leonardo Carlos |
author_role |
author |
author2 |
Lombardo, Carlo Ignazio Gasparini, Leonardo Carlos |
author2_role |
author author |
dc.subject.none.fl_str_mv |
Ciencias Económicas Minimum Wage Wages Labor Markets Inequality Informality Latin America |
topic |
Ciencias Económicas Minimum Wage Wages Labor Markets Inequality Informality Latin America |
dc.description.none.fl_txt_mv |
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 |
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. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-11 |
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info:eu-repo/semantics/conferenceObject info:eu-repo/semantics/publishedVersion Objeto de conferencia http://purl.org/coar/resource_type/c_5794 info:ar-repo/semantics/documentoDeConferencia |
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http://sedici.unlp.edu.ar/handle/10915/169234 |
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http://sedici.unlp.edu.ar/handle/10915/169234 |
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eng |
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info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) |
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http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) |
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