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DC Field | Value | Language |
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dc.contributor.author | Fernández-Baldor Laporta, Pablo | - |
dc.date.accessioned | 2022-12-22T12:29:32Z | - |
dc.date.available | 2022-12-22T12:29:32Z | - |
dc.date.issued | 2022 | - |
dc.identifier.uri | http://hdl.handle.net/2445/191719 | - |
dc.description.abstract | Minimum wages have been widely discussed in the literature. The mínimum wage impact on employment strongly depends on labor market concentration and the point at which it is located in the income distribution. Therefore, its study essentially involves exploring whether it has been set too far, beyond the competitive market wage. In 2019, the Spanish government decided to raise the minimum wage by 22.3%. This increase is of a previously unseen magnitude. Using rich administrative data, we combine Propensity Score Matching and a Difference-in-Differences model to evaluate the short-run employment effect of this policy. We find that the reform increased the probability of job loss within a range of 0.38 pp. (7.8%) and 0.44 pp. (9.2%) for workers below the new minimum wage, which implies an employment elasticity between 0.3 and 0.4. In addition, our results suggest that the bulk of this effect is concentrated in the group of workers furthest from the new minimum wage. This is the segment of the income distribution that bore the bulk of the employment costs of the minimum wage increase. | ca |
dc.format.extent | 40 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | ca |
dc.publisher | Institut d’Economia de Barcelona | ca |
dc.relation.isformatof | Reproducció del document publicat a: https://ieb.ub.edu/wp-content/uploads/2022/12/Doc2022-06.pdf | - |
dc.relation.ispartof | IEB Working Paper 2022/06 | - |
dc.relation.ispartofseries | [WP E-IEB22/06] | cat |
dc.rights | cc-by-nc-nd, (c) Fernández-Baldor Laporta et al., 2022 | - |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ | * |
dc.source | IEB (Institut d’Economia de Barcelona) – Working Papers | - |
dc.subject.classification | Salari mínim | cat |
dc.subject.classification | Distribució (Teoria econòmica) | cat |
dc.subject.other | Minimum wage | eng |
dc.subject.other | Distribution (Economic theory) | eng |
dc.title | The short-term impact of the mínimum wage on employment: Evidence from Spain | ca |
dc.type | info:eu-repo/semantics/workingPaper | ca |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | ca |
Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
Files in This Item:
File | Description | Size | Format | |
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IEB22-06_Fernandez-Baldor.pdf | 2.59 MB | Adobe PDF | View/Open |
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