@misc{12708,
title = {Skill Premium, Labor Supply and Changes in the Structure of Wages in Latin America},
author = {Fernández, Manuel and Messina, Julián},
year = {2017},
doi = {10.18235/0011788},
abstract = {Earnings inequality declined rapidly in Argentina, Brazil and Chile during the 2000s.  A reduction in the experience premium is a fundamental driver of declines in upper-tail (90/50) inequality, while a decline in the education premium is the primary determinant of the evolution of lower-tail (50/10) inequality. Relative labor supply is important for explaining changes in the skill premiums. Relative demand trends favored high-skilled workers during the 1990s, shifting in favor of low-skilled workers during the 2000s. Changes in the minimum wage, and more importantly, commodity-led terms of trade improvements are key factors behind these relative skill demand trends.},
url = {https://doi.org/10.18235/0011788}
}