Does the Minimum Wage Affect Wage Inequality? A Study for the Six Largest Latin American Economies
研究了拉丁美洲六个最大经济体国家最低工资政策对正式和非正式工人工资分布的影响，发现最低工资在2000年代有压缩效应，但在2010年代减弱。
Minimum wage (MW) policies are widespread in the developing world and yet their effects are still unclear. In this paper we explore the effect of national MW policies in Latin America’s six largest economies by exploiting the heterogeneity in the bite of the national minimum wage across local labor markets and over time. We find evidence that the MW has a compression effect on the wage distribution of formal workers. The effect was particularly large during the 2000s, a decade of sustained growth and strong labor markets. In contrast, the effect seems to vanish in the 2010s, a decade of much weaker labor markets. We also find suggestive evidence of a lighthouse effect: the MW seems to have an equalizing effect also on the wage distribution of informal workers.