… Given our interest in wage inflation, we focus on informal work that is labor-… informal worker
if he or she (1) indicated working in at least one informal paid activity that is not survey work …

… shows that the wage distribution of informal workers has a mode at the minimum wage. For
… literature suggests the minimum wage affects the lower tail of the wage distribution. There is …

… Our general model considers all informal workers as wage … the shadow value of being an
informal worker recursively:(12) λ ˆ t … ' Lagrange multipliers for informal labor and consumption, …

… where ωe and ωi are the bargaining power of formal and informal workers respectively. Notice
that in the presence of a proportional wage tax τw, the sharing rule in formal jobs changes …

… As a second, informal, way of evaluating our results as well as an aid in interpreting them,
it will be useful to compare them with results of previous studies with which ours overlap. First, …

… low-wage informal workers but also workers earning above the minimum, in both the formal
and … be that minimum wage hikes could have inflationary effects derived from the fact that, …

… and in particular in the informal sector is crucial if the minimum wage is to be used as a …
paper estimates wage and employment effects, accounting for sorting into the formal and informal …

… Wage indexation, … in the inflationary episodes of the 1970s and the early 1980s. In many
developing economies, with high inflation, formal or informal cost of living allowances in wage …

… features of EMEs in the analysis of inflation (Section 2). We then … in wages, productivity and
consumer price inflation for a … the informal economy expands (eg in a recession), inflation …

… In particular, we observe that the initial decline in inflation is smaller with a minimum
wage (due to wage rigidities), but it is more persistent. This behavior is similar for aggregate …