Using the currency demand approach, size and development of Colombia's shadow economy are estimated over the period …. The most important factors driving the shadow economy are indirect taxation and unemployment. Analyzing the interaction …

This paper analyzes the effects of recent Venezuelan immigration to Colombia on the fiscal balance, the labor market … generates a negative effect on wages and an increase in the unemployment rate--and skilled workers, who benefit from higher … wages and lower unemployment. These changes in the labor market affect the government's revenue, resulting, in the long term …

This paper evaluates the extent of wage rigidities in Colombia over a period, 2002-2014, in which the fall in … unemployment was relatively slow with respect to sustained economic growth. Following Holden and Wulfsberg (2009), we compute a … description of the wage setting rule in Colombia, compare it with the common one in the advanced economies, and call for a far …