Is the wage curve formal or informal? Evidence for Colombia

Raul Ramos, Juan Duque and Jordi Suriñach

Economics Letters, 2010, vol. 109, issue 2, 63-65

Abstract: Using microdata from the 2002-2006 Colombian Continuous Household Survey, we find an elasticity of individual wages to local unemployment rates of -Â 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 market analysis in developing countries.

Keywords: Wage; curve; Unemployment; Formal; and; informal; sectors (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (60)

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Related works:
Working Paper: IS THE WAGE CURVE FORMAL OR INFORMAL? EVIDENCE FOR COLOMBIA (2009)
Working Paper: Is the Wage Curve Formal or Informal? Evidence for Colombia (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:109:y:2010:i:2:p:63-65

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