This material shows the operation of the labor market. Analyzes the labor supply and demand in order to provide elements that lead us to explain the economic problem of involuntary unemployment according to the neoclassical ...

This paper constructs a trade general equilibrium model for a less developed country with three sectors. One is the informal and un-tradable sector characterized by áexible wages, while the other two sectors are tradable, ...

Firms’ compensation practices affect the protection of investors’ interests and the degree of economic inequality by changing the stakes of engaging in appropriation activities versus respecting the status quo. We use a ...

This paper builds a Dynamic Stochastic General Equilibrium (DSGE) model with informal sector and price rigidities, using as a framework of analysis theory search and matching labor market. The main objective is to analyze ...

For an economy like he colombian analysis with a model of mark-up and power of wage negotiation endogenous there can be substancial differences in the direction of the effects on it with mínimum wage or efficiency wage ...

The paper develops a Dynamic Stochastic General Equilibrium (DSGE) model, which assesses the macroeconomic and labor market effects derived from simulating a positive shock to the stochastic component of the mining-energy ...

This paper examines the effect of the minimum wage unification in Colombia after 1984. A “natural experiment” framework is used to compare the changes in different employment variables between urban areas (control group) ...

Este artículo se enfoca en identificar la relación entre los salarios y la productividad. Para comprobar si existe una relación de largo plazo entre estas variables, se realizan pruebas de raíz unitaria y cointegración ...

Developing countries have a vast informal sector generally associated with low productivity levels. The response of informal employment to tax policies might depend on labor market rigidities. This paper proposes a theoretical ...