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Is the wage curve formal or informal? Evidence for Colombia

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 market analysis in developing countries.
Year of publication:
2010
Authors: Ramos, Raul ; Duque, Juan C. ; Surinach, Jordi
Published in:
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 109.2010, 2, p. 63-65
Publisher: Elsevier
Keywords: Wage curve Unemployment Formal and informal sectors
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10008866896
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