Informality and minimum wages by cohort in Colombia
This article aims to analyze the effect of minimum wage levels on the decision to join the informal job sector. We estimated a pseudo panel model of engagement in the informal sector using an IV-probit. Our results show that an increased wage gap-the relative difference between observed and minimum...
- Autores:
-
Mora Rodríguez, Jhon James
Muro, Juan
- Tipo de recurso:
- Article of investigation
- Fecha de publicación:
- 2014
- Institución:
- Universidad ICESI
- Repositorio:
- Repositorio ICESI
- Idioma:
- eng
- OAI Identifier:
- oai:repository.icesi.edu.co:10906/78316
- Acceso en línea:
- http://www.scopus.com/inward/record.url?eid=2-s2.0-84912046919&partnerID=tZOtx3y1
http://www.revistas.unal.edu.co/index.php/ceconomia/article/view/45342
http://hdl.handle.net/10906/78316
- Palabra clave:
- Rights
- openAccess
- License
- https://creativecommons.org/licenses/by-nc-nd/4.0/
| Summary: | This article aims to analyze the effect of minimum wage levels on the decision to join the informal job sector. We estimated a pseudo panel model of engagement in the informal sector using an IV-probit. Our results show that an increased wage gap-the relative difference between observed and minimum wage-has not only a disincentive effect on the probability of joining informality, but also leads to a substitution effect between younger and older cohorts. |
|---|