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 …

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 …

they joined the establishment from unemployment This is supportive of equal treatment. We also show that a four parameter … series properties and co-properties of real wages, output, and unemployment, in particular the asymmetric response of wages …

part-time workers. A one percentage point increase in the unemployment rate led to an average decline in real hourly wages … of new hires are not helpful for understanding the behaviour of unemployment over the business cycle. …

of time-varying policy and institutional regressors. Yet another is our examination of unemployment and participation … lower participation, even if the unemployment effects are muted. Although we report some similar findings to Neumark and …

; equilibrium unemployment ; inflation target ; Phillips curve ; Lucas critique ; Germany …