Wage Adjustment Practices and the Link between Price and Wages: Survey Evidence from Colombian Firms *

Wage Adjustment Practices and the Link between Price and Wages: Survey Evidence from Colombian Firms *

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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 firms...

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Bibliographic Details
Main Authors: Ana Iregui, Ligia Melo, María Ramírez
Format: Article
Language:English
Published: Universidad de Antioquia 2012-06-01
Series:Lecturas de Economía
Subjects:
wage increases
labor market
survey evidence
logit models
Colombia
Online Access:http://aprendeenlinea.udea.edu.co/revistas/index.php/lecturasdeeconomia/article/view/12811/11542

Internet

http://aprendeenlinea.udea.edu.co/revistas/index.php/lecturasdeeconomia/article/view/12811/11542

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