Iregui, Ana; Melo, Ligia; Ramírez, María - In: Lecturas de Economía (2012) 76, pp. 17-53
This paper explores firms’ wage adjustment practices in the Colombian formal labor market; specifically, the timing and frequency of wage increases, as well as the link between wage and price changes. We use a survey of 1,305 firms belonging to all economic sectors. The results show that most...