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Accepted version

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2010-11

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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/44103

Is the wage curve formal or informal? Evidence for Colombia

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http://dx.doi.org/10.1016/j.econlet.2010.08.004

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.

Subject

Colòmbia, Atur, Salaris, Economia submergida

Subject (English)

Colombia, Unemployment, Wages, Informal sector (Economics)

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Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)
Documents de treball / Informes (Econometria, Estadística i Economia Aplicada)

Citation

RAMOS LOBO, Raúl, DUQUE, Juan Carlos and SURIÑACH CARALT, Jordi. Is the wage curve formal or informal? Evidence for Colombia. Economics Letters. 2010. Vol. 109, num. 2, pags. 63-65. ISSN 0165-1765. [consulted: 12 of August of 2026]. Available at: https://hdl.handle.net/2445/44103

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