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The impact of Wage Policy on the Distribution of Labor Income and Poverty in Bolivia

Author

Listed:
  • Omar Velasco

    (Ministerio de Economía y Finanzas Públicas)

  • Manuela Puente

    (Ministerio de Economía y Finanzas Públicas)

Abstract

In Bolivia, the wage policy in recent years has been characterized by sustained increases of the minimum wage. Theory and empirical evidence suggest that this type of polices have various positive and negative effects. This paper analyzes the effects of the national minimum wage increase on the overall wage distribution and the poverty rate in Bolivia. Therefore, a pseudo-panel database is structured with information from the household survey conducted in 2005-2013. The results point to a positive effect of the minimum wage increases on the full wage distribution and on poverty reduction, considering both the formal and informal sectors.

Suggested Citation

  • Omar Velasco & Manuela Puente, 2016. "The impact of Wage Policy on the Distribution of Labor Income and Poverty in Bolivia," Cuadernos de Investigación Económica Boliviana, Ministerio de Economía y Finanzas Públicas de Bolivia, vol. 1(2), pages 1-23, July.
    • Handle: RePEc:efp:journl:v:1:y:2015:i:2:p:1-23
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    File URL: https://repositorio.economiayfinanzas.gob.bo/documentos/2018/UAEF/CIEB/ii_Art%C3%ADculos/Volumen%20I/N%C3%BAmero%202/CIEB_2016_Ing_Paper_4.pdf
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    More about this item

    Keywords

    Minimum wage; Poverty; Pseudo panel;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

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