Calendrier du 24 janvier 2023
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 24/01/2023 de 17:00 à 18:00
R1-13
HARRIS Gemma (PSE)
Efficiency and distributional costs of rising public debt
Job Market Seminar
Du 24/01/2023 de 13:00 à 14:15
R2-01
TEBBE Sebastian (Stockholm University)
Peer Effects in (Hybrid) Electric Vehicle Adoption: Evidence from the Swedish Vehicle Market
Applied Economics Lunch Seminar
Du 24/01/2023 de 12:30 à 13:30
Salle R2.21
OLIVEIRA Florentine (PSE)
The Minimum Wage and the Wage Distribution in Portugal
Raising the minimum wage can reshape the wage distribution. In Portugal, a sustained rise in the minimum wage over 13 years coincided with a decline in inequality that was equivalent to the US increase in inequality of the 1980s and 90s. Using a semiparametric approach, counterfactual decomposition methods, and an extremely rich administrative dataset of all employees in the country, this paper presents significant visual and quantitative evidence of how changes in the minimum wage shaped the wage distribution over the last three decades. The
remarkable minimum wage rise of 2006-19 triggered a compression of the lower half of the wage distribution that was equivalent to the full decline in wage inequality. The rise explained 40% of average wage growth. Spillover effects generated wage gains up to the 54th percentile, explaining more than half of this inequality-reducing effect. Like in many European countries, most workers benefit from collectively bargained wage floors above the national minimum. Wage floors did not react to the rising minimum wage but firms proactively raised wages higher up in the distribution in order to maintain job title premiums, suggesting that spillovers were not contingent on a heavily institutionalised labour market.