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Revista Económica
Facultad de Ciencias Económicas Universidad Nacional de La Plata Calle 6 Nº 777
5to Piso, Oficina 528
(1900) La Plata - Argentina

Tel/Fax: (+54 221) 422 9383

e-mail: economica@econo.unlp.edu.ar

URL: economica.econo.unlp.edu.ar

Director Responsable:
Decano Mg. Martín Aníbal López Armengol
Dr. Mario Luis Szychowski

ISSN edición impresa:
0013-0419
ISSN edición online:
1852-1649
N° Registro DNDA:
En trámite

CUIT:  30-54666670-7

Propietario:
Facultad de Ciencias Económicas Universidad Nacional de La Plata Calle 6 Nº 777
(1900) La Plata - Argentina
Tel/Fax: (+54 221) 422 9383

 

VOLVER    
ECONÓMICA
Vol. L, Nro. 1-2, Enero-Diciembre 2004
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Minimum wage effects under endogenous compliance: evidence from Peru
Miguel Jaramillo Baanante

Cita del artículo:

Jaramillo Baanante, Miguel (2004). “Minimum wage effects under endogenous compliance: evidence from Peru”. Económica, Vol. L(1-2): 85-123.

Abstract:

Latin American labor markets feature large informal sectors. In practice, however, the simple duality formal-informal has many different shades: firms tend to comply more with certain legislation than with other. Recent evidence has suggested that minimum wages have significant effects on the informal sector (Bell (1997) for Mexico; Gindling and Terrell (2004) for Costa Rica; Lemos (2004) and Fajnzylver (2001) for Brazil; and Maloney and Nuñez (2004) for Colombia). Further, some of this evidence suggests effects throughout a large part of the wage distribution. This has been interpreted as evidence of 'lighthouse' or numeraire effects. We test this hypothesis using panel data from Peru to identify effects throughout the wage distribution. Although there are some effects on informal sector workers, overall results provide little support for numeraire or 'lighthouse' effects. Labor monthly earnings are affected only at the bottom of the distribution (0.25-0.60 of the minimum wage), made up mostly of informal workers, and for formal workers earning between the old the new minima. Negative effects on the probability of retaining employed status after a minimum wage shock are either weak or non significant for wage earners below the minimum wage, but significant for formal workers 'trapped' between minima, and for both formal and informal earning between 1.2 and 2 times the minimum wage. Independent workers earning below minimum suffer negative effects on both earnings and employment.

Idioma: Inglés

Texto completo: Descargar

Autor(es):

Miguel Jaramillo Baanante: Grupo de Análisis para el Desarrollo. GRADE

Códigos JEL:

J23- Labor Demand
J38- Wages, Compensation, and Labor Costs: Public Policy
O17- Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

 
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