Neumark, David; Cunningham, Wendy; Siga, Lucas - Department of Economics, University of California-Irvine - 2004
The Brazilian economy has long relied on the minimum wage, having first implemented a minimum in 1940. Shortly after taking office in 2003, Brazil’s President raised the minimum wage by 20 percent and promised to double the value of the minimum wage before his term ends in 2006. The usual...
