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Business Cycles and Distribution of Wages in Colombia: A Semi-Parametric Wage Density Decomposition Approach
2020
Revista de Economía del Rosario
This paper examines the changes in real hourly wages in Colombia along the recovery phase taking place from March 2009 to March 2014. The starting finding is that the distribution of wages at trough looks like translations to the left of recovery distribution. To shed light on those procyclical translations this paper performs a sequential decomposition on change of wages in 1) cyclical demand and supply factors, 2) changes in the attributes of workers, 3) changes and spillovers effects of
doi:10.12804/revistas.urosario.edu.co/economia/a.8925
fatcat:upsiturwyra5llopf7wyc6mnoq