Minimum wages, inequality and globalization
By: by T. H. Gindling, Katherine Terrell.
Contributors: Terrell, Kathy.
Series: Discussion paper ;; no. 1160; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1160
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Minimum wage -- Costa Rica.; Income distribution -- Costa Rica.; Globalization -- Economic aspects -- Costa Rica.
Description: "This paper contributes to our understanding of the impact of institutions on incomes of workers in developing countries by rigorously addressing the question as to whether changes in minimum wages can change the inequality of the distribution of earnings. More specifically, we analyze whether changes in Costa Rica's complex institution of multiple minimum wages in the 1980s and 1990s acted as a countervailing force to the unequalizing effect of globalization. Using annual data on workers from the 1987-1997 household surveys, it is shown that changes in the legal minimum wages did indeed have an effect on wage inequality and that these changes would not have been captured using the simple interpretation of minimum wages found in much of the literature"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Includes bibliographical references.
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