INFORMALITY AND MINIMUM WAGES BY COHORT IN COLOMBIA

被引：1
|
作者：
James Mora, Jhon [1 ]
Muro, Juan [2 ]
机构：
[1] Univ Icesi, Dept Econ, Cali, Colombia
[2] Univ Alcala, Dept Econ, Madrid, Spain
来源：
CUADERNOS DE ECONOMIA | 2014年 / 33卷 / 63期
关键词：
Informality; minimum wages; instrumental variable probit; pseudo panel; sample selection bias;
D O I：
10.15446/cuad.econ.v33n63.45342
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：469 / 486
页数：18
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