The Minimum Wage In Colombia1984-2001: Favoring The Middle Class With A Bite On The Poor

Publicado en

  • Revista ESPE - Ensayos Sobre Política Económica

Resumen

  • This paper exploits the long history of the minimum wage in Colombia in order to see whether it has im-proved the living conditions of low income families and reduced income inequality. This paper also ex-plores how the minimum wage may have distorted market outcomes in the process. We fi nd signifi cant negative minimum wage effects on both the likeli-hood of being employed and hours worked among household heads. The negative effect is strongest for women, the young and less educated people. For non-head household members, we fi nd that a rise in the minimum wage signifi cantly increases labor participation, reduces hours worked, and increases the likelihood of being unemployed. Most impor-tantly, we fi nd evidence that the minimum wage ends up being regressive, improving the living con-ditions of families in the middle and the upper parts of the income distribution but causing net losses for those at the bottom.

fecha de publicación

  • 2007

Líneas de investigación

  • Income Distribution
  • Income Inequality
  • Minimum Wage
  • Poverty Alleviation

Identificador de objeto digital (DOI)

  • https://doi.org/10.32468/Espe.5505

Página inicial

  • 148

Última página

  • 193

Volumen

  • 25

Issue

  • 55