Causal role of minimum wages in six Latin American labor markets (英语)

Although Minimum Wage (MW) regulations are an old tradition in Latin America, controversy about their effects on inflation, unemployment, wage flexibility and international competitiveness has become central to the context of macroeconomic adjustment. This paper analyzes the strategic question regarding the role of MWs in moving the entire wage structure up and the resulting effects on inflation and employment. Within this context, the paper studies...
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