Ana María Iregui B.; Ligia Alba Melo B.; María Teresa … - Banco de la Republica de Colombia
This paper uses a wage setting survey of 1,305 Colombian firms to explore the nature and sources of wage rigidities … provide evidence of nominal and real downward wage rigidities in the country. The most important factor in not reducing base … factors are related to wage rigidities. The findings indicate that, in general, permanent contracts, workforce composition …