Introducing a statutory minimum wage in middle and low income countries
AbstractMotivations for introducing a statutory minimum wage in developing countries include reducing poverty, advancing social justice, and accelerating growth. Attaining these goals depends on the national context and policy choices. Institutional capacity tends to be limited, so institutional arrangements must be adapted. Nevertheless, a statutory minimum wage could help developing countries advance their development objectives, even where enforcement capacity is weak and informality is pervasive.
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Bibliographic InfoArticle provided by Institute for the Study of Labor (IZA) in its journal IZA World of Labor.
Volume (Year): (2014)
Issue (Month): (May)
Contact details of provider:
Postal: IZA, P.O. Box 7240, D-53072 Bonn, Germany
Fax: +49 228 3894 180
Web page: http://www.iza.org
minimum wages; institutional design; developing countries; informality; enforcement;
Find related papers by JEL classification:
- J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
- O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations
- J46 - Labor and Demographic Economics - - Particular Labor Markets - - - Informal Labor Market
- K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
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