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March 4, 2022Instituto Peruano de Economía

Minimum wage: an ineffective instrument to redistribute income, by Miguel Jaramillo

“As an instrument to redistribute income to the least favored, the Minimum Vital Remuneration is not a potentially effective policy.”

In this article from the Peruvian Institute of Economics (IPE), our Senior Researcher Miguel Jaramillo shares evidence on the operation and effects of minimum wage policies in Peru.