Advanced Search
MyIDEAS: Login to save this article or follow this journal

Comparison of Venezuela´s minimum wage purchasing power with that in four Latin-American countries in 2008

Contents:

Author Info

  • Georges Jabbour

    ()
    (Departamento de Investigación de Operaciones, Escuela de Ingeniería de Sistemas, Facultad de Ingeniería, Universidad de Los Andes. Núcleo Universitario “Pedro Rincón Gutiérrez”, Edificio B, Sector La Hechicera, Mérida, Venezuela. Código Postal 5101.)

  • Vicente Ramírez

    ()
    (Departamento de Investigación de Operaciones, Escuela de Ingeniería de Sistemas, Facultad de Ingeniería. Universidad de Los Andes. Núcleo Universitario “Pedro Rincón Gutiérrez”, Edificio B, Sector La Hechicera, Mérida, Venezuela. Código Postal 5101.)

  • Carely Guada

    ()
    (Estudiante de la Maestría en Estadística Aplicada y Computación. Instituto de Estadística Aplicada y Computación, Facultad de Ciencias Económicas y Sociales.)

Registered author(s):

    Abstract

    This paper compares Venezuela´s minimum wage purchasing power with those in Argentina, Colombia, Chile and Peru, using data mining. Using Bayesian networks, it was found that the consumption pattern for the 108 goods considered is similar in these countries. The order of countries according to their minimum wage purchasing power from highest to lowest was found to be Argentina, Chile, Colombia, Venezuela and Peru. Results obtained by means of variance analysis pointed out that the variables that influenced the observed price difference between Venezuela and each other country are: type, origin and degree of necessity of each good, gender and, in particular, goods for infants and the elderly.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: ftp://iies.faces.ula.ve/Pdf/Revista33/Rev33Jabbour.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela in its journal Economía.

    Volume (Year): 37 (2012)
    Issue (Month): 33 (January-june)
    Pages: 143-164

    as in new window
    Handle: RePEc:ula:econom:v:37:y:2012:i:33:p:143-164

    Contact details of provider:
    Postal: Facultad de Ciencias Económicas y Sociales. Instituto de Investigaciones Económicas y Sociales. Campus Universitario Liria, Edificio G, Tercer Nivel. Mérida 5101, Estado Mérida, Venezuela
    Phone: +58 74 401111 ext. 1081
    Fax: +58 74 401120
    Email:
    Web page: http://iies.faces.ula.ve/
    More information through EDIRC

    Related research

    Keywords: Minimum wage purchasing power; data mining; bayesian networks; analysis of variance.;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ula:econom:v:37:y:2012:i:33:p:143-164. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexis Vásquez).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.