Two Stories of Wage Dynamics in Latin America: Different Policies, Different Outcomes.

This article explores the variation in the wage distributions of two Latin American countries, Bolivia and Colombia, which have had different political and economic strategies in recent years. Using data from household surveys, a decomposition of the wage distribution in each country using functiona...

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Publicado en:Journal of Labor Research Vol. 41; no. 1/2; pp. 128 - 169
Autores principales: Canavire-Bacarreza, Gustavo, Carvajal-Osorio, Luis C.
Formato: Artículo
Publicado: Springer Nature Jun2020
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Two Stories of Wage Dynamics in Latin America: Different Policies, Different Outcomes.
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          Canavire-Bacarreza, Gustavo
          Carvajal-Osorio, Luis C.
        affil:
          School of Economics and Finance, Universidad EAFIT, Carrera 49 No. 7 Sur 50, Medellín, Colombia
          Department of Economics, Vanderbilt University, 2301 Vanderbilt Place, 37235, Nashville, TN, USA
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        Bolivia
        Colombia
        Latin America
        Wages
        Informal sector
        Economic policy
        Principal components analysis
        Wage increases
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          Wages
          Informal sector
          Economic policy
          Bolivia
          Colombia
          Latin America
          Principal components analysis
          Wage increases
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        C14
        Functional principal component analysis
        J31
        J38
        Wage distributions
        Wage dynamics
        Wage inequality
        C14
        Functional principal component analysis
        J31
        J38
        Wage distributions
        Wage dynamics
        Wage inequality
      ab: This article explores the variation in the wage distributions of two Latin American countries, Bolivia and Colombia, which have had different political and economic strategies in recent years. Using data from household surveys, a decomposition of the wage distribution in each country using functional principal component analysis is conducted. The results suggest that Bolivia, which has implemented state-centered policies, has experienced a general increase in wages, especially benefiting the least skilled workers and the informal sector. On the other hand, the wage distribution in Colombia, whose economic policy has leaned towards market-oriented principles, has become more concentrated around the median wage, mainly due to changes in formal sector wages.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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