terrell minimum wage in developing countries
TRANSCRIPT
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HELLO EVERYONE
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Minimum Wage in Developing Countries: Helping or Hurting
Workers? World Bank Policy Note
Prepared by Katherine Terrell
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Before we begin……
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What is Minimum Wage?
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Two Sectors to Consider….
Covered Uncovered
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Monopsony
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The Debate
PRO ANTI
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The Debate
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Theoretical Considerations…
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Generally, Effect of MW on Economy depends on:
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Perfective Competitive - Covered Sector
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Perfective Competitive - Uncovered Sector Case 1 Case 2
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Monopsony- Covered Sector
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Monopsony - Uncovered Sector Case 1 Case 2
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Uncovered Sector & Non-Compliance
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Uncovered Sector
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Uncovered Sector
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Non-Compliance
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Empirical Findings
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Covered Sector 1% .1-.3%
Why?
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Covered Sector
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Covered Sector
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Uncovered Sector
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Uncovered Sector
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Unemployment
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Implementation Challenges
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Assessing Minimum Wage Effects
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To Summarize:
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In Conclusion:
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It should be noted…..
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Latin America
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Other Labor Market Institutions
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Effects in the Uncovered Sector
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Thank You