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Is the wage curve formal or informal? Evidence for Colombia

  • Ramos, Raul
  • Duque, Juan C.
  • Surinach, Jordi

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.

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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 109 (2010)
Issue (Month): 2 (November)
Pages: 63-65

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Handle: RePEc:eee:ecolet:v:109:y:2010:i:2:p:63-65
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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