Abstract
The minimum wage (MW) has traditionally been an important policy instrument in Latin America. Periodic revision of its level and the maintenance of suitable enforcement machinery have been widely deemed to be crucial in the attempt to attain a better income distribution. But many others consider MWs a highly distorting labor market policy, with few if any positive effects. In the context of notable social and political tensions and the presence of significant stabilization-cum-adjustment programs, and with countries hoping to consolidate their trade openings through commercial trade agreements, the role of MWs occupies a prominent role in the economic debate.
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Riveros, L.A. (2001). Minimum Wages in Latin America: The Controversy about Their Likely Economic Effects. In: Berry, A. (eds) Labor Market Policies in Canada and Latin America: Challenges of the New Millennium. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3347-1_9
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DOI: https://doi.org/10.1007/978-1-4757-3347-1_9
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