Minimum Wages, Inequality, and the Informal Sector

Released on by Rafael Machado Parente
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  • Minimum Wages, Inequality, and the Informal Sector Book Detail

  • Author : Rafael Machado Parente
  • Release Date : 2024-07-19
  • Publisher : International Monetary Fund
  • Genre :
  • Pages : 84
  • ISBN 13 :
  • File Size : 91,91 MB
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Minimum Wages, Inequality, and the Informal Sector by Rafael Machado Parente PDF Summary

Book Description: How do minimum wages affect earnings inequality in countries with large informal sectors? I provide reduced-form evidence that the 2000s minimum wage hike in Brazil raised overall inequality by increasing inequality inside the informal sector. I develop a model where heterogeneous firms select into informality to investigate when and how raising the minimum wage can increase inequality. I calibrate the model to Brazil and find that, by generating substantial informality, the increase in the minimum wage raised overall inequality by 6.4%. These results suggest that movements into and out of the informal sector modulate the effects of formal labor legislation.

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