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

Ana María
Iregui-Bohórquez
Ligia Alba
Melo-Becerra
María Teresa
Ramírez-Giraldo
Miércoles, 1 Junio 2011

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