Minimum wage policy and inequality in Latin America and the Caribbean

Gindling, T.H. and Ronconi, Lucas (2023) Minimum wage policy and inequality in Latin America and the Caribbean. III Working Paper (93). International Inequalities Institute, London School of Economics and Political Science, London, UK.

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Abstract

In this chapter we review the literature and inform policy debates about the effects of minimum wages (MW) on income inequality in Latin America and the Caribbean (LAC). Earnings are the primary source of income among families, especially in the lower part of the earnings and household income distribution. It is reasonable, therefore, to expect increases in the minimum wage to have a significant impact on earnings and income inequality.

Item Type:	Monograph (Working Paper)
Official URL:	https://www.lse.ac.uk/International-Inequalities/P...
Additional Information:	© 2023 The Authors
Divisions:	International Inequalities Institute
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor
JEL classification:	J - Labor and Demographic Economics > J8 - Labor Standards: National and International > J88 - Public Policy D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation)
Date Deposited:	05 Jul 2023 07:36
Last Modified:	14 Sep 2024 04:36
URI:	http://eprints.lse.ac.uk/id/eprint/119635

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