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Ciclo y composición del cambio en los salarios: una aproximación a la estructura salarial de Colombia

Author

Listed:
  • Francisco Lasso-Valderrama

    (Banco de la República de Colombia)

  • Laura Rodríguez-Quintero

    (Universidad Javeriana)

Abstract

Este trabajo presenta evidencia empírica del impacto de los efectos composición del empleo, estructura salarial y del ciclo económico sobre la evolución salarial en Colombia. Se utilizan las encuestas aplicadas a la fuerza laboral de siete ciudades por el Departamento Administrativo Nacional de Estadística (DANE) desde 1984 a 2017. Esta es la serie de encuestas urbanas más larga y homogénea disponible en el país. Usando la técnica de función de influencia recentrada (RIF en inglés) en regresión cuantílica incondicional reponderada y una generalización de la descomposición estándar a la Oaxaca – Blinder se evidencia que los salarios exhiben un comportamiento pro-cíclico, y especialmente en la población de mayor remuneración, son flexibles y reaccionan significativamente ante los ciclos económicos. Este comportamiento está acompañado de un efecto composición favorable al incremento de los salarios reales y un efecto estructura salarial favorable a la disminución de la desigualdad salarial, siendo el capital humano (años de educación y experiencia laboral) el factor que más contribuye en ambos efectos. **** RESUMEN: This paper presents empirical evidence of the impact of the employment composition effects, wage structure and economic cycle on the evolution of wages in Colombia. The analysis is carried out using the labor force survey of the seven principal cities of Colombia applied by the Departamento Administrativo Nacional de Estadística (DANE) from 1984 to 2017. This one is the largest and homogeneous dataset available for urban sector in the country. The proposed methodology is based on the re-centered influence function (RIF), re-weighted unconditional quantile regressions and a generalization of the standard Oaxaca - Blinder decomposition. We find that wages present a pro-cyclical behavior, especially for the population that receives the greater remunerations. For this group, wages are also flexible and react significantly to economic cycles. The composition effect contributes towards greater real wages, and the salary structure effect reduce wage inequality. The human capital (number of years of education and work experience) is the factor that contributes the most in both effects.

Suggested Citation

  • Francisco Lasso-Valderrama & Laura Rodríguez-Quintero, 2018. "Ciclo y composición del cambio en los salarios: una aproximación a la estructura salarial de Colombia," Borradores de Economia 1057, Banco de la Republica de Colombia.
  • Handle: RePEc:bdr:borrec:1057
    DOI: 10.32468/be.1057
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    References listed on IDEAS

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    More about this item

    Keywords

    Salarios; ciclo de los salarios; composición del empleo; desigualdad salarial; Colombia; regresión RIF; Wages; wages cycle; employment composition; wage inequality; Colombia; RIF regression.;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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