TY  - JOUR 
TI  - A cohort-based analysis of the influence of minimum wage levels on the labor force participation in the informal sector: quantitative and substitution effects
JO  - Borradores de Economía y Finanzas;No. 25 - Diciembre 2010
PB  - Universidad Icesi
PY  - 2010
AB  - This paper discuses the effect of the minimum wage on the decision to join the informal job sector.   We estimated a pseudo panel of the engagement in the informal sector using an IV-probit.  The findings show that an increase in the minimum wage leads to a substitution effect between young and older workers.  This results show that the standards effects over the labor market in the WGM segmented model are moderate because an increase of the minimum wage doesn’t imply total mobility between sectors.
KW  - FACULTAD DE CIENCIAS ADMINISTRATIVAS Y ECONÓMICAS
KW  - DEPARTAMENTO DE ECONOMÍA
KW  - MINIMUM WAGES
KW  - SALARIO MÍNIMO
KW  - MERCADO DE TRABAJO
KW  - COLOMBIA
KW  - INFORMALITY
KW  - INSTRUMENTAL VARIABLE PROBIT
KW  - PSEUDO PANEL
KW  - SAMPLE SELECTION BIAS
UR  - http://hdl.handle.net/10906/65276
ER  -