Informality and Minimum Wages by Cohort in Colombia

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

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Year of publication:	2015
Authors:	Mora, Jhon James
Other Persons:	Muro, Juan (contributor)
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Kolumbien \| Colombia \| Mindestlohn \| Minimum wage \| Kohortenanalyse \| Cohort analysis \| Arbeitsmarkt \| Labour market

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Extent:	1 Online-Ressource (18 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Cuadernos de Economía, Vol. 33, No. 63, pp. 469-486, 2014 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 29, 2014 erstellt
Classification:	C35 - Discrete Regression and Qualitative Choice Models ; J32 - Nonwage Labor Costs and Benefits; Private Pensions
Source:	ECONIS - Online Catalogue of the ZBW

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