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Un análisis del impacto de la subida del salario mínimo interprofesional en 2017 sobre la probabilidad de perder empleo

Author

Listed:
  • Aitor Lacuesta

    (Banco de España)

  • Mario Izquierdo

    (Banco de España)

  • Sergio Puente

    (Banco de España)

Abstract

This article analyses the rise in the national minimum wage (NMW) in 2017 in Spain, drawing on information provided by the Social Security administrative labour records (MCVL). The results suggest this rise may have had an adverse effect on the probability of the group of workers with wages below the new minimum wage keeping their jobs. This effect would be of particular importance for older workers. The rise approved for the NMW in 2019 is far higher than those observed in the past, which considerably increases the number of workers affected and the uncertainty surrounding the adverse effects on the probability of them keeping their jobs. According to the estimates presented in this article, these negative effects could be significant.

Suggested Citation

  • Aitor Lacuesta & Mario Izquierdo & Sergio Puente, 2019. "Un análisis del impacto de la subida del salario mínimo interprofesional en 2017 sobre la probabilidad de perder empleo," Occasional Papers 1902, Banco de España.
    • Handle: RePEc:bde:opaper:1902
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    File URL: https://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosOcasionales/19/Fich/do1902.pdf
    File Function: First version, February 2019
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    More about this item

    Keywords

    minimum wage; employment; employment to unemployment flows;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

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