How is the minimum wage shaping the wage distribution: minimum wage, spillovers, and wage inequality in Portugal

Oliveira, Carlos Brito Mascarenhas de

http://hdl.handle.net/10362/142241

Utilize este identificador para referenciar este registo.

Nome:	Descrição:	Tamanho:	Formato:
2021_2022_fall_32379_carlos_oliveira.pdf		1.95 MB	Adobe PDF	Ver/Abrir

Contacte-nos

Autores

Oliveira, Carlos Brito Mascarenhas de

Orientador(es)

Portugal, Pedro

Resumo(s)

Over the last three decades, wage inequality and the importance of the minimum wage presented a nearly symmetric behavior in Portugal. Applying a semiparametric approach, this paper presents significant visual and quantitative evidence of how the MW structurally reshaped the wage distribution. The remarkable rise in the real MW of 2006-2019 explained virtually all of the decline in wage inequality, and 40% of the average wage growth, mostly driven by spillovers, which cascaded way above the minimum. The MW was most important for women, although spillovers were greater for men. Exploring the total-base wage differential also uncovered important new insights.

Palavras-chave

Wage inequality Labour economics Minimum wage Spillovers Wage distribution Counterfactual dDecomposition Distribution regression Rank regression Kernel density Reweighting