IDEAS home Printed from https://ideas.repec.org/p/rbp/wpaper/2005-003.html
   My bibliography  Save this paper

Efectos del Salario Mínimo en el Mercado Laboral Peruano

Author

Listed:
  • Nikita R. Céspedes Reynaga

    (Central Bank of Peru)

Abstract

El estudio muestra evidencias del impacto del Salario Mínimo (RMV) en el mercado laboral peruano. Se utiliza un modelo dinámico de datos panel por sectores económicos de la ecuación de empleo y se estima que existe una relación negativa entre el empleo formal y la RMV. La elasticidad empleo-RMV es aproximadamente -0,13. Esta evidencia se complementa al estimar que la probabilidad de mantenerse ocupado, en un contexto en el cual se produjo un incremento legal de la RMV, es menor entre aquellos individuos que perciben ingresos cercanos a la RMV (y entre jóvenes). Se reporta evidencia que sustenta la hipótesis de que la RMV es un referente en la determinación de remuneraciones en el sector formal. Asimismo, se encuentra evidencias sobre los efectos distributivos de un incremento de la RMV a favor de los trabajadores de bajos ingresos.

Suggested Citation

  • Nikita R. Céspedes Reynaga, 2005. "Efectos del Salario Mínimo en el Mercado Laboral Peruano," Working Papers 2005-003, Banco Central de Reserva del Perú.
  • Handle: RePEc:rbp:wpaper:2005-003
    as

    Download full text from publisher

    File URL: https://www.bcrp.gob.pe/docs/Publicaciones/Documentos-de-Trabajo/2005/Documento-Trabajo-03-2005.pdf
    File Function: Application/pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Patricia Jones, 1997. "The impact of minimum wage legislation in developing countries where coverage is incomplete," Economics Series Working Papers WPS/1998-02, University of Oxford, Department of Economics.
    2. Saavedra Chanduvi, Jaime, 1998. "¿Crisis real o crisis de expectativas?: el empleo en el Perú antes y después de las reformas estructurales," Working Papers 37981, Group for the Analysis of Development (GRADE).
    3. Cecilia Garavito, 1993. "Mercado laboral e intervención del Estado: 1986-1992," Documentos de Trabajo / Working Papers 1993-108, Departamento de Economía - Pontificia Universidad Católica del Perú.
    4. Gindling, T.H. & Terrell, Katherine, 2005. "The effect of minimum wages on actual wages in formal and informal sectors in Costa Rica," World Development, Elsevier, vol. 33(11), pages 1905-1921, November.
    5. Figueroa, Adolfo, 1998. "Políticas macroeconómicas y pobreza en el Perú," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 31180, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. William Maloney & Jairo Mendez, 2004. "Measuring the Impact of Minimum Wages. Evidence from Latin America," NBER Chapters, in: Law and Employment: Lessons from Latin America and the Caribbean, pages 109-130, National Bureau of Economic Research, Inc.
    7. Neumark, D. & Schweitzer, M. & Wascher, W., 1999. "The Effect of Minimum Wages Throughout the Wage Distribution," Papers 9919, London School of Economics - Centre for Labour Economics.
    8. Saavedra-Chanduví, Jaime & Torero, Máximo, 2000. "Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru," IDB Publications (Working Papers) 3269, Inter-American Development Bank.
    9. Lustig, N. & Mcleod, D., 1996. "Minimum Wages and Poverty in Developing Countries : Some Empirical Evidence," Papers 125, Brookings Institution - Working Papers.
    10. Eduardo Maruyama & Jaime Saavedra, 2000. "Estabilidad laboral e indemnización: efectos de los costos de despido sobre el funcionamiento del mercado laboral peruano," Otras investigaciones, Consorcio de Investigación Económica y Social.
    11. Céspedes Reynaga, Nikita, 2003. "Factores cíclicos y estructurales en la evolución de la tasa de desempleo," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 9, pages 199-221.
    12. Alida Castillo Freeman & Richard B. Freeman, 1991. "Minimum Wages in Puerto Rico: Textbook Case of a Wage Floor?," NBER Working Papers 3759, National Bureau of Economic Research, Inc.
    13. Bell, Linda A., 1995. "The impact of minimum wages in Mexico and Colombia," Policy Research Working Paper Series 1514, The World Bank.
    14. Jaime Saavedra Chanduví & Eduardo Maruyama Sasaki, 2000. "Estabilidad laboral e indemnización: efectos de los costos de despido sobre el funcionamiento del mercado laboral peruano," Documentos de Investigación dt28, Grupo de Análisis para el Desarrollo (GRADE).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Céspedes, Nikita & Sánchez, Alan, 2013. "Minimum Wage and Job Mobility," Working Papers 2013-012, Banco Central de Reserva del Perú.
    2. Fernando Alberto Groisman & Albano Blas Vergara & Analía Calero & Julia Liniado & María Eugenia Sconfienza & Maria Soledad Cubas & Santiago Boffi, 2015. "Social Protection to the Informal Sector: The Role of Minimum Wage and Income Transfer Policies," Working Papers PMMA 2015-10, PEP-PMMA.
    3. Jesús Palomino Samaniego, 2011. "Efectos Del Incremento De La Remuneracion Mínima Vital Sobre El Empleo Y Los Ingresos Laborales," Documentos de Trabajo / Working Papers 2011-313, Departamento de Economía - Pontificia Universidad Católica del Perú.
    4. repec:ilo:ilowps:433276 is not listed on IDEAS
    5. Jaramillo, Miguel, 2012. "Ajustes del mercado laboral ante cambios en el salario mínimo: La experiencia de la década de 2000," Documentos de Investigación dt63, Grupo de Análisis para el Desarrollo (GRADE).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stephen Devereux, 2005. "Can minimum wages contribute to poverty reduction in poor countries?," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(7), pages 899-912.
    2. Derk Bienen, 2002. "Mindestlohnreformen in Südamerika – ökonomische Rechtfertigung und praktische Umsetzung," Ibero America Institute for Econ. Research (IAI) Discussion Papers 090, Ibero-America Institute for Economic Research.
    3. Galdo, José & Saavedra-Chanduví, Jaime & Chong, Alberto E., 2007. "Informality and Productivity in the Labor Market: Peru 1986 - 2001," IDB Publications (Working Papers) 1958, Inter-American Development Bank.
    4. repec:dau:papers:123456789/4515 is not listed on IDEAS
    5. Jesús Palomino Samaniego, 2011. "Efectos Del Incremento De La Remuneracion Mínima Vital Sobre El Empleo Y Los Ingresos Laborales," Documentos de Trabajo / Working Papers 2011-313, Departamento de Economía - Pontificia Universidad Católica del Perú.
    6. repec:ilo:ilowps:462988 is not listed on IDEAS
    7. Richard B. Freeman, 2009. "Labor Regulations, Unions, and Social Protection in Developing Countries: Market distortions or Efficient Institutions?," NBER Working Papers 14789, National Bureau of Economic Research, Inc.
    8. Maike Hohberg & Jann Lay, 2015. "The impact of minimum wages on informal and formal labor market outcomes: evidence from Indonesia," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-25, December.
    9. Alaniz, Enrique & Gindling, T.H. & Terrell, Katherine, 2011. "The impact of minimum wages on wages, work and poverty in Nicaragua," Labour Economics, Elsevier, vol. 18(S1), pages 45-59.
    10. Javier Herrera & Gerardo David Rosas Shady, 2003. "Labor Market Transitions in Peru," Working Papers DT/2003/14, DIAL (Développement, Institutions et Mondialisation).
    11. Céspedes Reynaga, Nikita, 2003. "Factores cíclicos y estructurales en la evolución de la tasa de desempleo," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 9, pages 199-221.
    12. Alberto Chong & José Galdo & Jaime Saavedra-Chanduví, 2007. "Informalidad y Productividad en el Mercado Laboral: Perú 1986-2001 (Informality and Productivity in the Labor Market: Peru 1986 - 2001)," Research Department Publications 4527, Inter-American Development Bank, Research Department.
    13. Meghan J. Millea & Jon P. Rezek & Brian Shoup & Joshua Pitts, 2017. "Minimum Wages in a Segmented Labor Market: Evidence from South Africa," Journal of Labor Research, Springer, vol. 38(3), pages 335-359, September.
    14. Jaime Saavedra-Chanduví & Hugo Díaz, 2000. "La carrera de maestros: Factores institucionales, incentivos económicos y desempeño," Research Department Publications 3109, Inter-American Development Bank, Research Department.
    15. David Fairris & Gurleen Popli & Eduardo Zepeda, 2008. "Minimum Wages and the Wage Structure in Mexico," Review of Social Economy, Taylor & Francis Journals, vol. 66(2), pages 181-208.
    16. Nikita Céspedes Reynaga, 2020. "Crecer no es suficiente para reducir la informalidad," Capítulos de libros, in: Nikita Céspedes Reynaga & Norman V. Loayza & Nelson R. Ramírez Rondán (ed.), Crecimiento económico en el Perú: causas y consecuencias, edition 1, volume 1, chapter 6, pages 174-203, Universidad de San Martín de Porres.
    17. Gindling, T.H. & Terrell, Katherine, 2005. "The effect of minimum wages on actual wages in formal and informal sectors in Costa Rica," World Development, Elsevier, vol. 33(11), pages 1905-1921, November.
    18. Echavarría-Soto, Juan José & López, Enrique & Ocampo, Sergio & Rodríguez-Niño, Norberto, 2012. "Choques, instituciones laborales y desempleo en Colombia," Chapters, in: Arango-Thomas, Luis Eduardo & Hamann-Salcedo, Franz Alonso (ed.), El mercado de trabajo en Colombia : hechos, tendencias e instituciones, chapter 18, pages 753-794, Banco de la Republica de Colombia.
    19. Luis E Arango & Luz Adriana Flórez & Angélica M Arosemena, 2005. "El Tramo Corto de la Estructura a Plazo como Predictor de Expectativas de la Actividad Económica en Colombia," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 42(125), pages 79-101.
    20. Haroon Bhorat & Tara Caetano & Benjamin Jourdan & Ravi Kanbur & Christopher Rooney & Benjamin Stanwix & Ingrid Woolard, 2016. "Investigating the Feasibility of a National Minimum Wage for South Africa," Working Papers 201601, University of Cape Town, Development Policy Research Unit.
    21. Marlies Piek & Dieter von Fintel, 2020. "Sectoral minimum wages in South Africa: Disemployment by firm size and trade exposure," Development Southern Africa, Taylor & Francis Journals, vol. 37(3), pages 462-482, May.
    22. Carlos A. Arango & Angélica Pachón, 2007. "The minimum wage in Colombia 1984-2001: favoring the middle class with a bite on the poor," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 25(55), pages 148-193, December.

    More about this item

    Keywords

    Salario Mínimo; Regulación Laboral; Demanda de Trabajo.;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rbp:wpaper:2005-003. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Research Unit (email available below). General contact details of provider: https://edirc.repec.org/data/bcrgvpe.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.