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Minimum Wage Effects.pdf

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Preview of Minimum Wage Effects
🔗 Source: econ.uchile.cl
📊 Size: 1.35 MB
👤 Author: Nicolás Grau, Jorge Miranda, and Esteban Puentes
⬇️ Downloads: 252

Summary

The minimum wage's effect on labor market outcomes is controversial, with mixed results in developed countries and a lack of evidence in developing countries. This study uses administrative data from Chile's unemployment insurance system to examine the impact of four consecutive minimum wage increases on formal wages and employment. The results show a small and positive effect on formal wages, with wages increasing by 0.46-1.17 pesos for every peso increase in the minimum wage, but no significant effect on formal employment. The study contributes to the literature by using administrative data, estimating two specifications with different control groups, and including multiple years of minimum wage changes.

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Description

The minimum wage's effect on labor market outcomes is controversial, with mixed results in developed countries and a lack of evidence in developing countries.

Technical Information

  • File Format: PDF
  • File Size: 1.35 MB
  • Pages: 64
  • Language: EN
  • Author: Nicolás Grau, Jorge Miranda, and Esteban Puentes
  • Total Downloads: 252
  • Last Updated: 4 weeks ago

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This PDF document about Minimum Wage Effects provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Minimum Wage Effects.

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