Introducing a statutory minimum wage in middle and low income countries

Artikel

Motivations for introducing a statutory minimum wage in developing countries include reducing poverty, advancing social justice, and accelerating growth. Attaining these goals depends on the national context and policy choices. Institutional capacity tends to be limited, so institutional arrangements must be adapted. Nevertheless, a statutory minimum wage could help developing countries advance their development objectives, even where enforcement capacity is weak and informality is pervasive.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2014 ; Bonn: Institute for the Study of Labor (IZA)

Classification and Topics

• Classification: Wirtschaft ; Wages, Compensation, and Labor Costs: Public Policy ; Formal and Informal Sectors; Shadow Economy; Institutional Arrangements ; Institutions: Design, Formation, Operations, and Impact ; Informal Labor Markets ; Labor Law ; Illegal Behavior and the Enforcement of Law
• Subject: minimum wages ; institutional design ; developing countries ; informality ; enforcement

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Margolis, David N.
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2014

Further information

• DOI: doi:10.15185/izawol.52
• Handle: http://hdl.handle.net/10419/125284
• Last update: 10.03.2025, 11:42 AM CET