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Google Hangout: Minimum Wages as an Instrument to Reduce Inequality in Emerging Markets

November 18, 2014

In recent years, the minimum wage has become an increasingly popular policy instrument to reduce inequality in many emerging markets, but to date there has been little systematic comparison of country experiences to assess how the role and impact of minimum wages are different than in OECD countries. One challenge in emerging and developing economies is how to enforce minimum wage regulations when a large share of the labor force is employed in the informal sector. In this Google Hangout online discussion - organized by the HKUST Institute for Emerging Market Studies (IEMS) and the World Bank Jobs Group - leading experts on minimum wage regulations in India, South Africa, China, and Southeast Asia will discuss the political forces behind minimum wage setting, the extent of compliance with minimum wage regulations, evidence on the impact of minimum wages on employment and wages, and the policy implications, if any, that can be drawn based on these experiences.