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Minimum wages in Colombia: Holding the Middle with a Bite on the Poor

Carlos Alberto
Arango-Arango
Angélica
Pachón
Lunes, 1 Marzo 2004

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