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    BBVA Research Publications

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    March 3, 2025

    Spain | Disagreement over the taxation of the minimum wage

    The debate over the taxation of the minimum wage under Personal Income Tax has been raging relevant in recent months, mainly over two concerns that have fueled the discussion.

    December 23, 2024

    Mexico | Minimum Wage Reform: Progress or Setback?

    The Senate of the Republic approved a resolution mandating that minimum wages be adjusted annually, at least in line with inflation, to prevent the loss of purchasing power and benefit low-income workers.

    January 12, 2024

    Colombia | Indexation: old habits, for the new year

    In Colombia, the indexation percentage is high and is usually tied to two main indicators: the previous year's inflation and the increase in the minimum wage for the current year. Indexation through inflation would impact 30.5% of the basket and through the minimum wage 27.9% of the basket.

    December 11, 2023

    Colombia | In search of a good minimum wage for all Colombians

    At this time, talks on the minimum wage increase for the year 2024 have already begun and this decision affects formal workers directly and indirectly all workers, as the minimum wage is fundamental to the country's economy

    March 14, 2023

    Spain Economic Outlook. March 2023

    GDP growth is revised upwards in 2022 and 2023 to 5.5% and 1.6%, respectively, and downwards in 2024 to 2.6%. The Spanish economy is holding up better than expected, although persistent inflation and the expectation of higher interest rates worsen the growth scenario for next year.

    September 8, 2022

    Mexico | The vicissitudes of inflation and the effects on households

    A monetary policy that carries the reference interest rate to an excessively restrictive terrain in a context where long-term inflation expectations remain well anchored can have counterproductive effects.

    February 21, 2022

    Spain | So the minimum wage has gone up. Now what?

    Now that the minimum wage approaches the target level of 60% of the average salary, we need to rethink employment and training policies. If we don’t, the unemployment rate, investment and productivity growth could all take a hit.

    September 29, 2021

    Spain | Getting to grips with the minimum wage and regional differences

    The empirical evidence on the minimum wage provokes a heated debate on its increases and the need to differentiate it according to age and work experience, or region.