Redistributive policies and returns to schooling.The case of Uruguay during 2005-2015
During the past decade, new redistribution policies and a substantial reduction of wage inequality took place in Uruguay. In particular, two important labor market reforms were implemented during those years: substantial increases of minimum wages and a progressive tax reform. This work addresses ho...
Gorde:
| Egile nagusia: | |
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| Formatua: | masterThesis |
| Hizkuntza: | ingelesa |
| Argitaratua: |
2018
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| Gaiak: | |
| Sarrera elektronikoa: | https://hdl.handle.net/20.500.12008/28370 |
| Etiketak: |
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| Gaia: | During the past decade, new redistribution policies and a substantial reduction of wage inequality took place in Uruguay. In particular, two important labor market reforms were implemented during those years: substantial increases of minimum wages and a progressive tax reform. This work addresses how these policies affected returns to schooling and analyzes their potential impacts on wage inequality. Firstly, we use bootstrapping techniques to test the difference between before- and after-tax returns. Secondly, we apply decomposition methods based on the RIF-regression approach to study the determinants of the evolution of wages. We find evidence that before- and after-taxreturns to schooling evolved in a parallel manner. Also, we find that the most educated workers were able to, at least partially, mitigate the redistributive effect of the tax reform. |
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