Minimum Wage and Productivity: Evidence from Chilean Manufacturing Plants
Minimum Wage and Productivity: Evidence from Chilean Manufacturing Plants
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最低工资和生产率：来自智利制造工厂的证据
DOI：
10.1086/697557
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发表时间：
2018
影响因子：
2
通讯作者：
Rodrigo Fuentes
中科院分区：
文献类型：
--
作者：
R. Alvarez;Rodrigo Fuentes
本文分析了最低工资对企业生产率的影响。主要假设是，由于劳动力调整成本的存在，提高最低工资对全要素生产率(TFP)有负面影响。使用1992年至2005年期间智利制造厂的数据和差异差异法，我们发现最低工资的提高对全要素生产率产生了负面影响。我们的估计表明，在1998-2000年期间，最低工资实际增加约22%，使低技能密集型行业的全要素生产率下降了5.8%，高技能密集型行业的TFP下降了9.7%。这些结果对于衡量生产率的替代措施和纳入几个协变量以避免其他政策变化或公司面临最低工资变化的混杂影响是稳健的。
This paper analyzes the effects of the minimum wage on a firm’s productivity. The main hypothesis is that an increase in the minimum wage has a negative effect on total factor productivity (TFP) due to the existence of labor adjustment costs. Using data from Chilean manufacturing plants for the period 1992–2005 and a difference-in-differences methodology, we find that an increase in minimum wage had a negative effect on TFP. Our estimates indicate that a real increase of about 22% in the minimum wage during the period 1998–2000 reduced TFP by 5.8% in low unskilled-intensive industries and 9.7% in high unskilled-intensive industries. These results are robust to alternative measures of productivity and to the inclusion of several covariates to avoid confounding effects of other policy changes or firms’ exposure to minimum wage changes.