The classic dual economy models of developing countries hold minimum wages (among other institutions) accountable for … thousands workers living in Costa Rica to test whether legal minimum wages have a differential impact on the wages of workers in … evidence from Costa Rica is contrary to the assumptions of these models. We find that increases in minimum wages not only raise …

This paper investigates the effects of legal minimum wages on wages, employment, hours worked and monthly earnings … Costa Rica. This country’s large uncovered sector and complex minimum wage policy, which has for decades set numerous wages … minimum wages. We find that legal minimum wages have a significant positive effect on the wages of workers in the covered …

firms to reduce wages (and employment). We find some empirical support for this in the Card–Krueger minimum wage data. …

Two firms choose locations (non-wage job characteristics) on the interval [0,1] prior to announcing wages at which they …

contemporaneous local unemployment rate of 1 p.p. diminished contemporaneous mean wages by about 0.45 p.p. between 2005 and 2013 in … both countries. Instead, a 1 p.p. higher unemployment rate back at the time of contract renewal reduced wages by 0.7 p ….p., an impact driven by wages close to the negotiated wage floors. Even though the evidence for earlier periods is mixed in …

government and institutions. Topics include minimum wages, labor market effects of social insurance and welfare programs, the …: labor supply and demand, taxes and transfers, human capital, minimum wages, income distribution, unions and strikes …