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dc.date.accessioned 2009-06-11T13:42:46Z
dc.date.available 2009-06-11T03:00:00Z
dc.date.issued 2004-12
dc.identifier.uri http://sedici.unlp.edu.ar/handle/10915/9211
dc.description.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. en
dc.format.extent 85-123 es
dc.language en es
dc.subject mercado laboral es
dc.subject Perú es
dc.subject diferencias salariales es
dc.subject salario es
dc.subject JEL: J23, J38, O17 es
dc.title Minimum wage effects under endogenous compliance: evidence from Perú en
dc.type Articulo es
sedici.identifier.issn 0013-0419 es
sedici.creator.person Jaramillo Baanante, Miguel es
sedici.subject.materias Ciencias Económicas es
sedici.description.fulltext true es
mods.originInfo.place Instituto de Investigaciones Económicas es
sedici.subtype Articulo es
sedici.rights.license Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported (CC BY-NC-ND 3.0)
sedici.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/
sedici.relation.event Symposium: The Labor Market in Latin America es
sedici.description.peerReview peer-review es
sedici2003.identifier ARG-UNLP-ART-0000001090 es
sedici.relation.journalTitle Económica es
sedici.relation.journalVolumeAndIssue vol. 50, no. 1-2 es


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Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported (CC BY-NC-ND 3.0) Except where otherwise noted, this item's license is described as Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported (CC BY-NC-ND 3.0)