Minimum wages in Colombia: holding the middle with a bite on the poor

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Borradores de Economía; No. 280
Date published
2004-03-14
Date of last update
2004-03-14
Author
Arango-Arango, Carlos Alberto
Pachón, Angélica
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
This paper exploits the long history of the minimum wage in a relatively stable developing economy like Colombia in order to see whether it may alleviate the living conditions of low income families and reduce income inequality. The paper does not only ex
JEL Codes
J42 - Monopsony; Segmented Labor MarketsO17 - Formal and Informal Sectors; Shadow Economy; Institutional ArrangementsO15 - Human Resources; Human Development; Income Distribution; MigrationJ31 - Wage Level and Structure; Wage DifferentialsJ48 - Particular Labor Markets: Public Policy
Keywords
Minimum wage ; Income distribution ; Income inequality ; Public policy ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5298
https://hdl.handle.net/20.500.12134/5298
https://doi.org/10.32468/be.280
https://ideas.repec.org/p/bdr/borrec/280.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit