International Journal of Academic Research in Economics and Management Sciences

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Wage Distribution Disparities in the Labor Market

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Many developing countries have undertaken in the eighties a series of reforms of policies, the primary objective of the reforms was the revival of economic activities in these countries challenged by severe economic and financial crises. In this context, trade policy had been placed at the center of development policies advanced under the "Washington Consensus."
Nevertheless, the mixed consequences of the implementation of the Washington Consensus have generated criticism increasingly severe. It was alleged that this consensus have focused on competition and efficiency rather than equity and solidarity, which resulted incredible rise in inequality.
We propose to focus on inequality in the labor market; we study the differences between workers by calculating inequality and conducting an econometric study to detect the size of the effect of opening to the global economy on inequality.