Downward Wage Rigidities and Other Firms? Responses to an Economic Slowdown: Evidence from a Survey of Colombian Firms

Borradores de Economia
Number: 
612
Published: 
Classification JEL: 
C25, J30, J50
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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This paper uses a wage setting survey of 1,305 Colombian firms to explore the nature and sources of wage rigidities. This is the first study of a non-European emerging economy that uses evidence from a survey of firms to analyse this topic. The survey was