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

Borradores de Economia
Número: 
612
Publicado: 
Clasificación JEL: 
C25, J30, J50
Palabras clave: 
wage rigidities, survey evidence, efficiency wages, Colombia

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Wilmer Martinez-Rivera, Manuel Darío Hernández-Bejarano

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