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Industrial Wage Inequality in Latin America in Global Perspective, 1900-2000.
- Source :
- Studies in Comparative International Development; Mar2012, Vol. 47 Issue 1, p47-74, 28p
- Publication Year :
- 2012
-
Abstract
- Standard economic theories of wage inequality focus on the factor-biased nature of technological change and globalization. This paper examines the long-run development of industrial wage inequality in Latin America from a global comparative perspective. We find that wage inequality was comparatively modest during the first half of the twentieth century, but rising much faster during the post-war era than in other industrial countries. In-depth analyses of wage inequality trends in Argentina, Brazil, and Chile confirm this pattern, but also reveal notable country peculiarities. In Argentina and Chile, trend breaks coincided with large political-institutional shocks while in Brazil, wage inequality increased unabated under the wage regulation policies of successive post-war administrations. We argue that without taking national policies with respect to education and the labor market into account, economic theory cannot explain 'Latin American' patterns of wage inequality. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00393606
- Volume :
- 47
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Studies in Comparative International Development
- Publication Type :
- Academic Journal
- Accession number :
- 74131302
- Full Text :
- https://doi.org/10.1007/s12116-011-9091-2