Iran implemented trade and exchange rate reforms in 2001. The reforms usually come together in a package with labor reforms, but in Iran, this was not the case. We use a Triple Difference identification strategy to estimate the joint effect of these two policy changes on workers’ wage. We use two waves of households’ Income and Expenditures Surveys (HIES) for the years 2001 and 2004 which are combined with aggregate data on tariffs and imports by industries. Findings significantly confirm that the reforms affect the wage levels positively. The effects on the quantiles of wage distribution reveal that wage effect is higher for workers in the right tail of distribution. This finding reinforces the robustness of our results while revealing significant heterogeneity in the reforms’ distributional consequences. Wage trends evolve similarly across treatment and control groups. so the parallel trends assumption hold: in the absence of the reforms.