We examine whether income and unemployment risks are compensated by individual wages. Using a portfolio approach we … show that the marginal income risk effect on wages is always positive whereas the marginal unemployment risk effect …

externalities. This paper uses OECD data to distinguish these effects. While wages have become more sensitive to changes in the …

relationship between latent sector and wages. I apply the method in the "PNAD", a nationwide representative Brazilian cross …

approach allows us to jointly estimate the effects of the minimum wage on unemployment, average wages, sector mobility, wage … probability of sector status given wage recovers the relationship between latent sector status and wages. I apply the method in … strongly affects wage inequality, reducing up to 20% the standard deviation of log-wages, and reduces revenues from labor taxes …

empirically assess the effect of the minimum wage on unemployment, average wages, sector mobility, wage inequality, the size of … the informal sector, and on labour tax revenues. The study finds that while minimum wage policy can increase average wages … workers who would enjoy relatively high wages even in the absence of unions. Consequently, the authors argue that reforms in …