Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/61476
Title: Is the wage curve formal or informal? Evidence for Colombia (WP)
Author: Ramos Lobo, Raúl
Duque, Juan Carlos
Suriñach Caralt, Jordi
Keywords: Atur
Salaris
Mercat de treball
Igualtat retributiva
Desequilibris regionals
Colòmbia
Wages
Unemployment
Labor market
Pay equity
Regional disparities
Colombia
Issue Date: 2009
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Abstract: The objective of this paper is to analyse the existente or not of a wage curve in Colombia, paying special attention to the differences between formal and informal workers, an issue that has been systematically ignored in the wage curve literature. The obtained results using microdata from the Colombian Continuous Household Survey (CHS) between 2002 and 2006 show the existence of a wage curve with a negative slope for the Colombian economy. Using information on metropolitan areas, the estimates of the elasticity of individual wages to local unemployment rates was -0.07, a value that is very close to those obtained for other countries. However, the disaggregation of statistical information for formal and informal workers has shown significant differences among both groups of workers. In particular, for the less protected groups of the labour market, informal workers (both men and women), a high negatively sloped wage curve was found. This result is consistent with the conclusions from efficiency wage theoretical models and should be taken into account when analysing the functioning of regional labour markets in developing countries.
Note: Reproducció del document publicat a: http://www.ub.edu/irea/working_papers/2009/200918.pdf
It is part of: IREA – Working Papers, 2009, IR09/018
URI: http://hdl.handle.net/2445/61476
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))
Documents de treball / Informes (Econometria, Estadística i Economia Aplicada)

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