Download or read book Do Minimum Wages in Latin America and the Caribbean Matter written by Nicolai Kristensen and published by World Bank Publications. This book was released on 2006 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Despite the existence of minimum wage legislation in most Latin American countries, there is little empirical evidence demonstrating its impact on the distribution of wages. In this study the authors analyze cross-country data for 19 Latin American and Caribbean (LAC) countries to gain an understanding of if and how minimum wages affect wage distributions in LAC countries. Although there is no single minimum wage institution in the LAC region, the authors find regional trends. Minimum wages affect the wage distribution in both the formal and, especially, the informal sector, both at the minimum wage and at multiples of the minimum. The minimum does not uniformly benefit low-wage workers: in countries where the minimum wage is relatively low compared to mean wages, the minimum wage affects the more disadvantaged segments of the labor force, namely informal sector workers, women, young and older workers, and the low skilled, but in countries where the minimum wage is relatively high compared to the wage distribution, it primarily affects wages of the high skilled. This indicates that the minimum does not generally lift the wages of all, but instead, it offers a wage into which employers can "lock in" wages that are already near that level. Thus, minimum wage legislation is more far-reaching than originally thought, affecting both the uncovered informal sector and those earning above the minimum. In addition, the relative level of the minimum wage is important for determining whose wages are affected. "--World Bank web site.
Download or read book Do Minimum Wages in Latin America and the Caribbean Matter Evidence from 19 Countries written by Nicolai Kristensen and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the existence of minimum wage legislation in most Latin American countries, there is little empirical evidence demonstrating its impact on the distribution of wages. In this study the authors analyze cross-country data for 19 Latin American and Caribbean (LAC) countries to gain an understanding of if and how minimum wages affect wage distributions in LAC countries. Although there is no single minimum wage institution in the LAC region, the authors find regional trends. Minimum wages affect the wage distribution in both the formal and, especially, the informal sector, both at the minimum wage and at multiples of the minimum. The minimum does not uniformly benefit low-wage workers: in countries where the minimum wage is relatively low compared to mean wages, the minimum wage affects the more disadvantaged segments of the labor force, namely informal sector workers, women, young and older workers, and the low skilled, but in countries where the minimum wage is relatively high compared to the wage distribution, it primarily affects wages of the high skilled. This indicates that the minimum does not generally lift the wages of all, but instead, it offers a wage into which employers can "lock in" wages that are already near that level. Thus, minimum wage legislation is more far-reaching than originally thought, affecting both the uncovered informal sector and those earning above the minimum. In addition, the relative level of the minimum wage is important for determining whose wages are affected.
Download or read book Measuring the Impact of Minimum Wages written by William Francis Maloney and published by World Bank Publications. This book was released on 2003 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simple numerical measures of the minimum wage may offer deceptive indicators of its impact. Alternative measures, such as kernel density or cumulative distribution plots, are more reliable, and highlight influences higher in the wage distribution or on the informal sector. Panel employment data from Colombia, where minimum wages seem high and binding, show that the minimum wage can have important impacts on wages and unemployment across the wage distribution.
Download or read book Law and Employment written by James J. Heckman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers. Along with in-depth studies of Colombia, Peru, Brazil, Argentina, Chile, Uruguay, Jamaica, and Trinidad, Law and Employment provides comparative analysis of Latin American economies against a range of European countries and the United States. The book breaks new ground by quantifying not only the cost of regulation in Latin America, the Caribbean, and in the OECD, but also the broader impact of this regulation.
Download or read book Minimum Wages and Social Policy written by Wendy V. Cunningham and published by . This book was released on 2007 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering evidence from both detailed individual country studies and homogenized statistics across the Latin American and Caribbean region, this book examines the impact of the minimum wage on wages, employment, poverty, income distribution and government budgets in the context of a large informal sector and predominantly unskilled workforces.
Download or read book Minimum Wages and Pay Equity in Latin America written by Damian Grimshaw and published by . This book was released on 2003 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Econom a 2010 written by Roberto Rigobón and published by Brookings Institution Press. This book was released on 2011-03-09 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Journal of the Latin American and Caribbean Economic Association, Fall 2010 Contents: Editors' Summary Reforming Pensions: Lessons from Economic Theory and Some Policy DirectionsBy Nicholas Barr and Peter Diamond Containing Systemic Risk: Paradigm-Based Perspectives on Regulatory ReformBy Augusto De la Torre and Alain Ize Labor Market Rigidities and Informality in ColombiaBy Camilo Mondragón-Vélez, Ximena Peña, and Daniel Wills Communicational Bias in Monetary Policy: Can Words Forecast Deeds?By Pablo Pincheira and Mauricio Calani
Download or read book Venezuela Before Ch vez written by Ricardo Hausmann and published by Penn State Press. This book was released on 2015-06-13 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the beginning of the twentieth century, Venezuela had one of the poorest economies in Latin America, but by 1970 it had become the richest country in the region and one of the twenty richest countries in the world, ahead of countries such as Greece, Israel, and Spain. Between 1978 and 2001, however, Venezuela’s economy went sharply in reverse, with non-oil GDP declining by almost 19 percent and oil GDP by an astonishing 65 percent. What accounts for this drastic turnabout? The editors of Venezuela Before Chávez, who each played a policymaking role in the country’s economy during the past two decades, have brought together a group of economists and political scientists to examine systematically the impact of a wide range of factors affecting the economy’s collapse, from the cost of labor regulation and the development of financial markets to the weakening of democratic governance and the politics of decisions about industrial policy. Aside from the editors, the contributors are Omar Bello, Adriana Bermúdez, Matías Braun, Javier Corrales, Jonathan Di John, Rafael Di Tella, Javier Donna, Samuel Freije, Dan Levy, Robert MacCulloch, Osmel Manzano, Francisco Monaldi, María Antonia Moreno, Daniel Ortega, Michael Penfold, José Pineda, Lant Pritchett, Cameron A. Shelton, and Dean Yang.
Download or read book The Political Economy of Latin America written by Peter Kingstone and published by Routledge. This book was released on 2018-03-09 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This brief text offers an unbiased reflection on debates about neoliberalism and its alternatives in Latin America with an emphasis on the institutional puzzle that underlies the region’s difficulties with democratization and development. In addition to providing an overview of this key element of the Latin American political economy, Peter Kingstone also advances the argument that both state-led and market-led solutions depend on effective institutions, but little is known about how and why they emerge. Kingstone offers a unique contribution by mapping out the problem of how to understand institutions, why they are created, and why Latin American ones limit democratic development. This timely and thorough update includes: A fresh discussion of the commodity boom in the region and the resulting "Golden Era" in Latin America; The recent explosion of social policy innovation and concerns about the durability of social reform after the boom; A discussion of the knowledge economy and the limits to economic growth, with case studies of successful examples of fostering innovation.
Download or read book Labour Markets Institutions and Inequality written by Janine Berg and published by Edward Elgar Publishing. This book was released on 2015-01-30 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labour market institutions, including collective bargaining, the regulation of employment contracts and social protection policies, are instrumental for improving the well-being of workers, their families and society. In many countries, these instituti
Download or read book New South African Review 6 written by Devan Pillay and published by NYU Press. This book was released on 2018-01-29 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wide-ranging essays demonstrate how the consequences of inequality extend throughout society and the political economy Despite the transition from apartheid to democracy, South Africa is the most unequal country in the world. Its extremes of wealth and poverty undermine intensifying struggles for a better life for all. The wide-ranging essays in this sixth volume of the New South African Review demonstrate how the consequences of inequality extend throughout society and the political economy, crippling the quest for social justice, polarising the politics, skewing economic outcomes and bringing devastating environmental consequences in their wake. Contributors survey the extent and consequences of inequality across fields as diverse as education, disability, agrarian reform, nuclear geography and small towns, and tackle some of the most difficult social, political and economic issues. How has the quest for greater equality affected progressive political discourse? How has inequality reproduced itself, despite best intentions in social policy, to the detriment of the poor and the historically disadvantaged? How have shifts in mining and the financialisation of the economy reshaped the contours of inequality? How does inequality reach into the daily social life of South Africans, and shape the way in which they interact? How does the extent and shape of inequality in South Africa compare with that of other major countries of the global South which themselves are notorious for their extremes of wealth and poverty? South African extremes of inequality reflect increasing inequality globally, and The Crisis of Inequality will speak to all those general readers, policy makers, researchers and students who are demanding a more equal world.
Download or read book Minimum Wages in China written by Shi Li and published by Springer Nature. This book was released on 2020-05-25 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers the positive and negative impacts of the minimum wage policy in China. Since China enacted its first minimum wage law in 1994, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. The results from China’s experience show that rapidly increasing minimum wages have helped increase average wages and reduce the gender wage gap, income inequality, and poverty. However, the fast-rising minimum wage has also resulted in the loss of employment for young adults, women, low-skilled workers, and migrant workers. Additionally, higher minimum wages have a negative impact on firm profitability and adverse effects on firm’s human capital investment. In summary, the Chinese minimum wage policy has shown both positive and negative impacts on the affected workers. Through unpacking these findings, the book highlights the importance of rigorous research to inform evidence-based policymaking and provides lessons for other transitional and developing economies.
Download or read book The Economics of Contemporary Latin America written by Beatriz Armendariz and published by MIT Press. This book was released on 2017-05-05 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis of Latin America's economy focusing on development, covering the colonial roots of inequality, boom and bust cycles, labor markets, and fiscal and monetary policy. Latin America is richly endowed with natural resources, fertile land, and vibrant cultures. Yet the region remains much poorer than its neighbors to the north. Most Latin American countries have not achieved standards of living and stable institutions comparable to those found in developed countries, have experienced repeated boom-bust cycles, and remain heavily reliant on primary commodities. This book studies the historical roots of Latin America's contemporary economic and social development, focusing on poverty and income inequality dating back to colonial times. It addresses today's legacies of the market-friendly reforms that took hold in the 1980s and 1990s by examining successful stabilizations and homemade monetary and fiscal institutional reforms. It offers a detailed analysis of trade and financial liberalization, twenty–first century-growth, and the decline in poverty and income inequality. Finally, the book offers an overall analysis of inclusive growth policies for development—including gender issues and the informal sector—and the challenges that lie ahead for the region, with special attention to pressing demands by the vibrant and vocal middle class, youth unemployment, and indigenous populations.
Download or read book Earnings Inequality Within and Across Gender Racial and Ethnic Groups in Four latin Amercian Countries written by and published by World Bank Publications. This book was released on with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tackling Precarious Work written by Stuart C. Carr and published by Taylor & Francis. This book was released on 2023-10-05 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tackling precarious work has been described by the United Nations (UN)’s International Labour Organization (ILO) as the main challenge facing the world of work. In this ground-breaking book, leading applied research scholars, advocates, and activists from across the globe respond to this challenge by showing how Industrial and Organizational (I/O) psychology has a significant contribution to make in humanity moving away from precarious work situations towards sustainable livelihoods. Broken down into four key parts on Sustainable Livelihoods, Fair Incomes, Work Security and Social Protection, the book covers a multitude of topics including the role of poor pay, lack of work-related security, social protection for human health and wellbeing, and interventions and policies to implement for the future of work. The volume offers a detailed look into useful and effective ways to tackle precarious work to create and maintain sustainable livelihoods. This curated collection of 22 chapters considers the broader relationships between previous research work and issues of human security and sustainability that affect workers, families, communities, and societies. Each chapter expands the present understandings of the world of precarious work and how it fits within broader issues of economic, ecological, and social sustainability. In addition to I/O psychologists in research, practice, service and study, this book will also be useful for organizational researchers, labor unions, HR practitioners, fair trade, cooperative, and civil society organizations, social scientists, human security analysts, public health professionals, economists, and supporters of the UN SDGs, including at the UN.
Download or read book Overcoming the Persistence of Inequality and Poverty written by Valpy FitzGerald and published by Springer. This book was released on 2011-03-24 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: International experts evaluate new policy directions in economic development and poverty reduction, building on the ideas of a pioneer in the new discipline of Development Studies, Frances Stewart. Combing ideas and evidence on technological change, human development and conflict prevention to address the issue of the persistence of inequality
Download or read book Children s Chances written by Jody Heymann and published by Harvard University Press. This book was released on 2013-02-13 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most parents care deeply about their children. If that were enough, we would not see the inequalities we currently do in children’s opportunities and healthy development—children out of school, children laboring, children living in poverty. While the scale of the problems can seem overwhelming, history has shown that massive progress is possible on problems that once seemed unsolvable. Within the span of less than twenty-five years, the proportion of people living in extreme poverty has been cut in half, the number of children under age five that die each day has dropped by over 12,000, and the percentage of girls attending school has climbed from just three in four to over 90 percent. National action, laws, and public policies fundamentally shape children’s opportunities. Children’s Chances urges a transformational shift from focusing solely on survival to targeting children’s full and healthy development. Drawing on never-before-available comparative data on laws and public policies in 190 countries, Jody Heymann and Kristen McNeill tell the story of what works and what countries around the world are doing to ensure equal opportunities for all children. Covering poverty, discrimination, education, health, child labor, child marriage, and parental care, Children’s Chances identifies the leaders and the laggards, highlights successes and setbacks, and provides a guide for what needs to be done to make equal chances for all children a reality.
