The Impact of the Minimum Wage on the Labor Market, Poverty and Fiscal Budget in Brazil

IPEA Discussion Paper No. 839

47 Pages Posted: 16 Nov 2001

See all articles by Miguel Natan Foguel

Miguel Natan Foguel

Institute of Applied Economic Research (IPEA)

Lauro Ramos

Institute of Applied Economic Research (IPEA)

Francisco Carneiro

The World Bank

Date Written: October 2001

Abstract

This paper aims at contributing to the debate regarding the role of the minimum wage in Brazil. This is carried out by assessing its potential effects on the labor market outcomes, as well in terms of poverty alleviation and fiscal impact. First, a succinct description of the institutional framework, the evolution of its real value over time, and a characterization of the profile of minimum wage earners are presented. Next, after a brief survey of theoretical views and empirical results found in the literature, the estimations, as well their implications in terms of minimum wage policies, are presented and discussed.

Keywords: Minimum wages, employment, poverty, fiscal budget

Suggested Citation

Foguel, Miguel Natan and Albrecht Ramos, Lauro Roberto and Carneiro, Francisco Galrao, The Impact of the Minimum Wage on the Labor Market, Poverty and Fiscal Budget in Brazil (October 2001). IPEA Discussion Paper No. 839, Available at SSRN: https://ssrn.com/abstract=290623 or http://dx.doi.org/10.2139/ssrn.290623

Miguel Natan Foguel

Institute of Applied Economic Research (IPEA) ( email )

Av. Pres. Antonio Carlos , 51 - 17 andar
Rio de Janeiro, RJ, 20020-010
Brazil

Lauro Roberto Albrecht Ramos

Institute of Applied Economic Research (IPEA) ( email )

Av. Pres. Antonio Carlos , 51 - 17 andar
Rio de Janeiro, RJ, 20020-010
Brazil

Francisco Galrao Carneiro (Contact Author)

The World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

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