Minimum wages in Indonesia were tripled in nominal terms, and doubled in real terms, in the first half of the 1990s … Indonesia's minimum wage policy and surveying the literature on the effects of minimum wages, the author applies relatively … and employees to assess the extent of compliance with minimum wages. He uses regression analysis involving minimalist …

rationale of the program, namely severance pay being: (i) a primitive income protection program, (ii) an efficiency enhancing …

the weaknesses of severance pay as an income protection program, pointing to the large scale of the non …

There are diverging views about how minimum wages affect labor markets in developing countries. Advocates of minimum … wages hold that they redistribute resources in a welfare-enhancing way, and can thus reduce poverty, improve productivity … labor and lead to depressed wages in the very sectors - the rural and informal urban sectors - where most of the poor are …

wages, using both numerical measures and kernal density plots for eight countries (Argentina, Bolivia, Brazil, Chile …"informal"sector. Their main findings: First, statutory minimum wages are often misleading, and graphical methods may be more reliable. Second … industrial countries. Using panel employment data from Colombia, where minimum wages seem high and binding, the authors quantify …

calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages …

income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely …

productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … percentage point a year. This would be enough to close the income gap with the EU average by 2040, compared to the status quo …