This paper offers evidence on the relationship between the minimum wage and unemployment and informal employment, and identifies some of the lessons learned on the potential effects of increasing the minimum wage. Most of the evidence suggests that sizable increases in the minimum wage are likely to exacerbate unemployment and the prevalence of informal employment, which could have negative consequences for labor productivity and businesses as a result...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2017/04/18
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Рабочий документ в рамках исследования вопросов политики
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WPS8030
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1
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1
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2017/04/18
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Disclosed
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Implications of minimum wage increases on labor market dynamics lessons for emerging economies
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demand for labor