Wage adjustment practices and the link between price and wages: survey evidence from colombian firms

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Borradores de Economía; No. 660

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2011-06-20

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2011-06-20

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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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

The aim of this paper is to explore 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. To this end, we use an ad hoc survey of

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

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