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

Borradores de Economia
Number: 
660
Published: 
Classification JEL: 
D22, J30, C25
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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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