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Minimum wage effects on labour informality: heterogeneity across demographic groups in Colombia

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dc.audienceResearcherseng
dc.audienceStudentseng
dc.audienceTeacherseng
dc.contributor.institucionBanco de la República - Colombiaspa
dc.coverage.ciudadBogotáspa
dc.creatorArango-Thomas, Luis Eduardospa
dc.creatorFlórez, Luz Adrianaspa
dc.creatorGuerrero, Laura D.spa
dc.creatorMorales, Alejandraspa
dc.date.accessioned2021-05-26T21:12:55Zspa
dc.date.available2021-05-26T21:12:55Zspa
dc.date.created2021-05-26spa
dc.description.abstractWe present evidence of the minimum wage effects on labour informality rates in Colombia, where the informality is by far the most serious problem of the labour market. The working population is divided into sixteen groups depending on the age, gender, and educational level. This division allows us to estimate how the relative level of restrictiveness of the minimum wage across different demographic groups affect the probability of being an informal worker. We find that the higher the minimum wage with respect to the 70th percentile wage, the higher will be the probability of being informal. Across different demographic groups, we find significant effects for men and women between 18 to 25 years old with lower education levels. Also, less-educated women aged 51 to 65 years old are affected by the minimum wage policy. For these groups, an increase of one percentage point (pp) in the MW ratio increases the probability of having an informal job between 0.35 and 0.99 pp compared to the reference group (men aged 26 to 40 years old and with higher education level) depending on the informality rate measure employed.eng
dc.format.extent26 páginasspa
dc.format.mimetypePDFspa
dc.identifier.urihttps://repositorio.redinvestigadores.org/handle/Riec/102spa
dc.language.isoengeng
dc.relation.ispartofDocumentos de Trabajospa
dc.relation.numberNo. 81spa
dc.relation.repechttps://ideas.repec.org/p/rie/riecdt/81.htmlspa
dc.relation.urihttps://repositorio.banrep.gov.co/bitstream/handle/20.500.12134/9810/be_1104.pdfspa
dc.rights.accessRightsOpen Accesseng
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0spa
dc.rights.spaAcceso abiertospa
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/eng
dc.subject.jelJ21 - Labor Force and Employment, Size, and Structureeng
dc.subject.jelJ30 - Wages, Compensation, and Labor Costs: Generaleng
dc.subject.jelJ46 - Informal Labor Marketseng
dc.subject.jelO17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangementseng
dc.subject.keywordMinimum wageeng
dc.subject.keywordLabour informalityeng
dc.subject.keywordHeterogeneityeng
dc.subject.lembEconomía informal -- Colombiaspa
dc.subject.lembMercado laboral -- Colombiaspa
dc.subject.lembSalario mínimo -- Colombiaspa
dc.subject.lembSalario mínimo -- Diferencias regionales -- Colombiaspa
dc.subject.temaInformalidadspa
dc.titleMinimum wage effects on labour informality: heterogeneity across demographic groups in Colombiaspa
dc.typeWorking papereng
dc.type.hasversionPublished Versioneng
dc.type.spaDocumentos de Trabajospa

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