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Title: Is the wage curve formal or informal? Evidence for Colombia
Author: Ramos Lobo, Raúl
Duque, Juan Carlos
Suriñach Caralt, Jordi
Keywords: Colòmbia
Economia submergida
Informal sector (Economics)
Issue Date: Nov-2010
Publisher: Elsevier B.V.
Abstract: 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.
Note: Versió postprint del document publicat a:
It is part of: Economics Letters, 2010, vol. 109, num. 2, p. 63-65
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ISSN: 0165-1765
Appears in Collections:Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)
Documents de treball / Informes (Econometria, Estadística i Economia Aplicada)

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