Is the Wage Curve Formal or Informal? Evidence for Colombia

Publicado en

  • Economics Letters


  • 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.

fecha de publicación

  • 2010

Líneas de investigación

  • Formal and Informal Sectors
  • Unemployment
  • Wage Curve

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