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Author : Linda A. Bell
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4./5 ( download)
Download or read book The impact of minimum wages in Mexico and Colombia written by Linda A. Bell and published by World Bank Publications. This book was released on with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Linda A. Bell
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Impact of Minimum Wages in Mexico and Colombia written by Linda A. Bell and published by . This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : A. Linda Bell
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (111 download)
Download or read book The Impact of Minimum Wages in Mexico and Colombia written by A. Linda Bell and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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).
Author : Linda A. Bell
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (961 download)
Download or read book The Impact of Minimum Wages in Mexico and Colombia written by Linda A. Bell and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nicolai Kristensen
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4./5 ( download)
Download or read book Do Minimum Wages in Latin America and the Caribbean Matter? written by Nicolai Kristensen and published by World Bank Publications. This book was released on 2006 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Despite the existence of minimum wage legislation in most Latin American countries, there is little empirical evidence demonstrating its impact on the distribution of wages. In this study the authors analyze cross-country data for 19 Latin American and Caribbean (LAC) countries to gain an understanding of if and how minimum wages affect wage distributions in LAC countries. Although there is no single minimum wage institution in the LAC region, the authors find regional trends. Minimum wages affect the wage distribution in both the formal and, especially, the informal sector, both at the minimum wage and at multiples of the minimum. The minimum does not uniformly benefit low-wage workers: in countries where the minimum wage is relatively low compared to mean wages, the minimum wage affects the more disadvantaged segments of the labor force, namely informal sector workers, women, young and older workers, and the low skilled, but in countries where the minimum wage is relatively high compared to the wage distribution, it primarily affects wages of the high skilled. This indicates that the minimum does not generally lift the wages of all, but instead, it offers a wage into which employers can "lock in" wages that are already near that level. Thus, minimum wage legislation is more far-reaching than originally thought, affecting both the uncovered informal sector and those earning above the minimum. In addition, the relative level of the minimum wage is important for determining whose wages are affected. "--World Bank web site.
Author : William Francis Maloney
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)
Download or read book Measuring the Impact of Minimum Wages written by William Francis Maloney and published by World Bank Publications. This book was released on 2003 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Wendy V. Cunningham
Publisher : World Bank Publications
ISBN 13 : 082137012X
Total Pages : 154 pages
Book Rating : 4.8/5 (213 download)
Download or read book Minimum Wages and Social Policy written by Wendy V. Cunningham and published by World Bank Publications. This book was released on 2007 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Banc Mundial
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (919 download)
Download or read book The Impact of Minimun Wages in Mexico and Colombia written by Banc Mundial and published by . This book was released on 1995 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James J. Heckman
Publisher : University of Chicago Press
ISBN 13 : 0226322858
Total Pages : 585 pages
Book Rating : 4.2/5 (263 download)
Download or read book Law and Employment written by James J. Heckman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers. Along with in-depth studies of Colombia, Peru, Brazil, Argentina, Chile, Uruguay, Jamaica, and Trinidad, Law and Employment provides comparative analysis of Latin American economies against a range of European countries and the United States. The book breaks new ground by quantifying not only the cost of regulation in Latin America, the Caribbean, and in the OECD, but also the broader impact of this regulation.
Author : R. Freeman
Publisher : Springer
ISBN 13 : 1137099712
Total Pages : 289 pages
Book Rating : 4.1/5 (37 download)
Download or read book Inequality Around the World written by R. Freeman and published by Springer. This book was released on 2016-04-30 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most troubling developments of the past two decades has been the dramatic rise in inequality among nations and within nations. This book examines the nature of this development in a variety of countries and contexts - China, Russia, Australia, Latin America, Italy - where the rise of inequality has not been studied as intensively as the US or UK. It also presents analyses of some potential causes and consequences of the rise in inequality.
Author : François Eyraud
Publisher : International Labour Organization
ISBN 13 : 9789221170143
Total Pages : 154 pages
Book Rating : 4.1/5 (71 download)
Download or read book The Fundamentals of Minimum Wage Fixing written by François Eyraud and published by International Labour Organization. This book was released on 2005 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Jorge Alfredo Bouchot Viveros
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (144 download)
Download or read book The Implications of a Rise in the Minimum Wage on the Mexican Labour Market written by Jorge Alfredo Bouchot Viveros and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis details a comprehensive empirical evaluation of the implications of a minimum wage increase in the Mexican labour market, estimating the impact on real wages, the distribution of earnings, employment, and informal employment. It uses, as a natural experiment the 2012 partial harmonization of Mexico's regional minimum wages, in which one out of the three minimum wage zones experienced an unexpected minimum wage rise. Using Difference in Differences regressions, we fmd no evidence of adverse employment effects in the labour market. Instead, the estimates suggest positive effects on real hourly wages, employment, and occupation in the formal sector. These results can be taken as evidence for the existence of monopsonistic labour markets in Mexico. Synthetic Control Method procedures demonstrate that the employment findings are robust to the choice of estimation method and to the level of aggregation in the data, corroborating non-negative effects on employment. In addition, Unconditional Quantile Regressions for the distributional wage effects suggest a small improvement in wages for the targeted lowest income workers, although, due to positive spillover effects, the relative increase in wages for the upper percentiles is even greater. This has the net effect of actually widening dispersion of wages.
Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 147552837X
Total Pages : 45 pages
Book Rating : 4.4/5 (755 download)
Download or read book Cross-Country Report on Minimum Wages written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-06-15 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a cross-country report on minimum wages. In the past few years, many countries in Central Eastern and Southeastern Europe (CESEE) have increasingly turned to minimum wage policies. Throughout the region, statutory minimum wages had been in place at least since the early 1990s, but they were typically set at relatively moderate levels and affected relatively few workers. Minimum wages have risen sharply relative to both average wages and labor productivity. Minimum wages often affect relatively more workers in CESEE than in Western Europe. Governments are the key players in the minimum wage determination in CESEE countries.
Author : INTERNATIONAL LABOUR OFFICE.
Publisher :
ISBN 13 : 9789220319482
Total Pages : 0 pages
Book Rating : 4.3/5 (194 download)
Download or read book Global Wage Report 2020-21 written by INTERNATIONAL LABOUR OFFICE. and published by . This book was released on 2020-12-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ILO flagship report examines the evolution of real wages around the world, giving a unique picture of wage trends globally and by region. The 2020-21 edition analyses the relationship of minimum wages and inequality, as well as the wage impacts of the COVID-19 crisis. The 2020-21 edition also reviews minimum wage systems across the world and identifies the conditions under which minimum wages can reduce inequality. The report presents comprehensive data on levels of minimum wages, their effectiveness, and the number and characteristics of workers paid at or below the minimum. The report highlights how adequate minimum wages, statutory or negotiated, can play a key role in a human-centred recovery from the crisis
Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
ISBN 13 : 1451854781
Total Pages : 98 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Author : International Labour Office
Publisher : Hassell Street Press
ISBN 13 : 9781014175090
Total Pages : 196 pages
Book Rating : 4.1/5 (75 download)
Download or read book Minimum Wages in Latin America written by International Labour Office and published by Hassell Street Press. This book was released on 2021-09-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author : Dale Belman
Publisher : W.E. Upjohn Institute
ISBN 13 : 0880994568
Total Pages : 489 pages
Book Rating : 4.8/5 (89 download)
Download or read book What Does the Minimum Wage Do? written by Dale Belman and published by W.E. Upjohn Institute. This book was released on 2014-07-07 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Belman and Wolfson perform a meta-analysis on scores of published studies on the effects of the minimum wage to determine its impacts on employment, wages, poverty, and more.
