Agudelo, Sonia A.; Sala, Hector - 2017
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 …