This paper studies the impact of a minimum wage policy in a labor market with a private and a public sector. We develop a two-sector search and matching model with minimum wage and heterogeneous workers in their human capital. We structurally estimate the model using data for Chile, a country with a large fraction of employment in the public sector and a binding minimum wage. Counterfactual analysis shows that institutional features of public sector employment reduce labor market frictions and mitigate the negative effect of the minimum wage on unemployment and welfare.

中文翻译：

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公共部门的就业是否缓冲了最低工资的影响？

本文研究了最低工资政策对具有私营和公共部门的劳动力市场的影响。我们开发了一个两部门搜索和匹配模型，其中包含最低工资和人力资本中的异质工人。我们使用智利的数据对模型进行结构性估计，智利是一个公共部门就业人数较多且具有约束力的最低工资的国家。反事实分析表明，公共部门就业的制度特征减少了劳动力市场摩擦，减轻了最低工资对失业和福利的负面影响。