[MAÑANA] Seminario Economía PUJ: Jorge Pérez (Banco de México)

[Nicolas Alejandro Lillo Bustos]

Estimados colegas,

 

Junto con saludarlos, los invito al Seminario de Economía de la Pontificia Universidad Javeriana. Este se realizará mañana vía Zoom. A continuación, los detalles del seminario:

 

• Invitado: Jorge Pérez (Banco de México) (página personal)
• Título: Disentangling the Effects of Large Minimum Wage and VAT Changes on Prices: Evidence from Mexico
• Coautores: Mariana Calderón, Josué Cortés, Alejandrina Salcedo
• Abstract: In January 2019, the minimum wage in the Mexican border with the United States increased by 100 percent. At the same time, the value-added tax (VAT) rate decreased by half. We propose an identification strategy that allows us to separate the effects of the minimum wage and the VAT on prices. We account for differential effects of the minimum wage on prices of goods with and without VAT. We find that the increase in the minimum wage is associated with economically and statistically significant increases in the prices of VAT goods, and with smaller, imprecisely estimated increases for Non-VAT goods, concentrated in food Non-VAT goods. The increments in prices due to the minimum wage were more than offset by decreases associated with the VAT, so in the absence of both policy changes, average prices would have been higher.
• Link Zoom: https://javeriana-edu-co.zoom.us/j/86195901997
• Hora: 12:30 – 14:00
• Día: Miércoles 19 de mayo de 2021

 

 

Nicolás A. Lillo Bustos, Phd.

Assistant Professor

Department of Economics

Pontificia Universidad Javeriana

Bogotá, Colombia

 

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