Firm level evidence of efficiency wages and labor turnover in Colombia's manufacturing industry

Rodrigo Taborda and Juan Guataquí

No 2729, Borradores de Investigación from Universidad del Rosario

Abstract: Working on data of 1241 incumbent firms of the Colombian manufacturing industry this paper tests the hypothesis proposed in models relating turnover and efficiency wage theory. We find evidence of a substantial number of firms paying wages above the industry average and its effect on turn over in firms employment. ********************************************************************** Trabajando con datos de 1241 empresas permanentes de la industria manufacturera de Colombia, el artículo pone a prueba la hipótesis de modelos que relacionan la rotación laboral con salarios de eficiencia. Encontramos evidencia de un número sustancial de empresas que pagan salarios por encima del promedio de su industria y su efecto en la rotación del empleo al interior de las firmas.

Keywords: Efficiency wages; labor turn over; Colombia's manufacturing industry; microdata (search for similar items in EconPapers)
JEL-codes: E24 J63 J64 (search for similar items in EconPapers)
Pages: 22
Date: 2003-09-03
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Persistent link: https://EconPapers.repec.org/RePEc:col:000091:002729

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