How the Wage-Setting Power of Firms Shapes Peru’s Economy
Insights into Peru's labour market: A VoxDev column by FOS Affiliate Pamela Medina Quispe and co-authors examining firms' wage-setting power and its influence on informality.
Their research explores the lives of Peruvians dependent on informal self-employment, uncovering how large firms, wielding wage-setting power, can influence informal self-employment and challenge policy efforts to establish stable, salaried jobs.