The minimum wage and the wage distribution in Portugal

Bibliographic Details
Main Author: Oliveira, Carlos
Publication Date: 2023
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10362/161174
Summary: Funding Information: I am profoundly grateful to Pedro Portugal, for his guidance and assistance from the very beginning of this project. The paper greatly benefited from comments by the editor, two anonymous referees, and participants at several conferences and seminars. This work was funded by Fundação para a Ciência e Tecnologia, Portugal ( PTDC/EGE-ECO/7493/2020 , UIDB/00124/2020 , UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/201 6), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016 ). Publisher Copyright: © 2023 The Author(s)
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spelling The minimum wage and the wage distribution in PortugalMinimum wageSpillover effectsWage densityWage inequalityEconomics and EconometricsOrganizational Behavior and Human Resource ManagementSDG 8 - Decent Work and Economic GrowthFunding Information: I am profoundly grateful to Pedro Portugal, for his guidance and assistance from the very beginning of this project. The paper greatly benefited from comments by the editor, two anonymous referees, and participants at several conferences and seminars. This work was funded by Fundação para a Ciência e Tecnologia, Portugal ( PTDC/EGE-ECO/7493/2020 , UIDB/00124/2020 , UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/201 6), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016 ). Publisher Copyright: © 2023 The Author(s)Raising the minimum wage can reshape the wage distribution. Using a semiparametric approach, counterfactual decomposition methods, and an extremely rich administrative dataset of all employees in Portugal, this paper presents significant visual and quantitative evidence of how changes in the minimum wage shaped the country's wage distribution over the last thirty years. For most of this period, the importance of the minimum wage was decreasing. However, a sustained rise since 2006 coincided with a decline in wage inequality that was comparable to the United States’ total increase in inequality over the last five decades. This remarkable compression of the wage distribution can be fully accounted for by the rising minimum wage. While a minority of workers were directly covered by the minimum wage, spillover effects were observed up to the 54th percentile of the wage distribution, explaining more than half of its inequality-reducing effect. Portugal experienced modest wage growth between 2006 and 2019 but 38% of it can be associated to the increasing minimum wage.NOVA School of Business and Economics (NOVA SBE)RUNOliveira, Carlos2023-12-12T22:52:55Z2023-122023-12-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/161174eng0927-5371PURE: 78263249https://doi.org/10.1016/j.labeco.2023.102459info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-22T18:16:35Zoai:run.unl.pt:10362/161174Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T17:47:05.232526Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv The minimum wage and the wage distribution in Portugal
title The minimum wage and the wage distribution in Portugal
spellingShingle The minimum wage and the wage distribution in Portugal
Oliveira, Carlos
Minimum wage
Spillover effects
Wage density
Wage inequality
Economics and Econometrics
Organizational Behavior and Human Resource Management
SDG 8 - Decent Work and Economic Growth
title_short The minimum wage and the wage distribution in Portugal
title_full The minimum wage and the wage distribution in Portugal
title_fullStr The minimum wage and the wage distribution in Portugal
title_full_unstemmed The minimum wage and the wage distribution in Portugal
title_sort The minimum wage and the wage distribution in Portugal
author Oliveira, Carlos
author_facet Oliveira, Carlos
author_role author
dc.contributor.none.fl_str_mv NOVA School of Business and Economics (NOVA SBE)
RUN
dc.contributor.author.fl_str_mv Oliveira, Carlos
dc.subject.por.fl_str_mv Minimum wage
Spillover effects
Wage density
Wage inequality
Economics and Econometrics
Organizational Behavior and Human Resource Management
SDG 8 - Decent Work and Economic Growth
topic Minimum wage
Spillover effects
Wage density
Wage inequality
Economics and Econometrics
Organizational Behavior and Human Resource Management
SDG 8 - Decent Work and Economic Growth
description Funding Information: I am profoundly grateful to Pedro Portugal, for his guidance and assistance from the very beginning of this project. The paper greatly benefited from comments by the editor, two anonymous referees, and participants at several conferences and seminars. This work was funded by Fundação para a Ciência e Tecnologia, Portugal ( PTDC/EGE-ECO/7493/2020 , UIDB/00124/2020 , UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/201 6), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016 ). Publisher Copyright: © 2023 The Author(s)
publishDate 2023
dc.date.none.fl_str_mv 2023-12-12T22:52:55Z
2023-12
2023-12-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/161174
url http://hdl.handle.net/10362/161174
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0927-5371
PURE: 78263249
https://doi.org/10.1016/j.labeco.2023.102459
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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