Incrementos y rigideces de los salarios en Colombia: Un estudio a partir de una encuesta a nivel de firma.

This paper uses a survey of 1.305 Colombian firms to explore wage setting mechanisms, the nature and sources of wage rigidities, and the link between wages and prices. Existing literature has focused on European and North American countries, and this is perhaps the first study that uses a wage survey for a Latin American country. Our findings indicate that more than 95% of firms increase wages once a year, mainly in January, suggesting that wage increases are time dependent. In addition, the most important factors when deciding wage increases are the firm's financial situation, the level of productivity and the performance of the labor force. The results support the view that nominal wages are downward rigid. Interestingly, it appears that the most important factor for not reducing base wages during a crisis, is to avoid the loss of the more experienced and productive workers, which is related to the efficiency wage theory. [ABSTRACT FROM AUTHOR]

Este estudio explora los mecanismos de fijación e incremento de los salarios, analiza la naturaleza y las fuentes de sus rigideces y examina los cambios en los salarios y la variación de los precios de los bienes y/o servicios de las empresas, a partir de una encuesta a 1.305 firmas colombianas. Los resultados indican que los incrementos salariales presentan un alto grado de dependencia temporal ya que se realizan anualmente y se concentran en enero. La situación financiera de la empresa, su productividad, el desempeño de los trabajadores y la inflación causada son los factores más importantes en el momento de definir los ajustes salariales. Adicionalmente, los resultados de la encuesta apoyan la presencia de rigideces a la baja de los salarios y se encuentra que las razones más importantes para no reducirlos están asociadas principalmente con la teoría de salarios de eficiencia. [ABSTRACT FROM AUTHOR]

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