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Is the wage curve formal or informal? Evidence for Colombia
Ramos Lobo, Raúl; Duque, Juan Carlos; Suriñach Caralt, Jordi
Universitat de Barcelona
Using microdata from the 2002-2006 Colombian Continuous Household Survey, we find an elasticity of individual wages to local unemployment rates of -0.07. However, the elasticity for informal workers is significantly higher, a result which is consistent with efficiency wage theoretical models and relevant for regional labour markets analysis in developing countries.
Colòmbia
Atur
Salaris
Economia submergida
Colombia
Unemployment
Wages
Informal sector (Economics)
(c) Elsevier B.V., 2010
Artículo
info:eu-repo/semantics/acceptedVersion
Elsevier B.V.
         

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