Labor market power in developing countries: Evidence from colombian plants

How much can employers in low and middle-income countries suppress wages below marginal productivity? Using plant and customs data from Colombia, we exploit predetermined variation across plants in sales export destination combined with variation in exchange rates to generate plant-specific shocks t...

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Autores:
Amodio, Francesco
de Roux, Nicolás
Tipo de recurso:
Work document
Fecha de publicación:
2021
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/50042
Acceso en línea:
http://hdl.handle.net/1992/50042
Palabra clave:
Labor market power
Export
Colombia
J42, L10, O14, O54
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Amodio, Francesco3276464d-6c4f-46ef-b7ed-a206ed652c65500de Roux, Nicolás0e981426-0731-437d-a4cd-cf6ff51951c64002021-05-26T13:20:14Z2021-05-26T13:20:14Z2021http://hdl.handle.net/1992/500421657-719110.57784/1992/50042instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/How much can employers in low and middle-income countries suppress wages below marginal productivity? Using plant and customs data from Colombia, we exploit predetermined variation across plants in sales export destination combined with variation in exchange rates to generate plant-specific shocks to marginal revenue productivity and labor demand. We estimate a firm-level labor supply elasticity of around 2.5, implying that workers produce about 40% more than their wage level. Our results indicate that Colombian and US manufacturers have a comparable degree of labor market power.33 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 27 Mayo de 2021https://ideas.repec.org/p/col/000089/019267.htmlLabor market power in developing countries: Evidence from colombian plantsDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPLabor market powerExportColombiaJ42, L10, O14, O54Facultad de EconomíaPublicationTHUMBNAILdcede2021-27.pdf.jpgdcede2021-27.pdf.jpgIM Thumbnailimage/jpeg17773https://repositorio.uniandes.edu.co/bitstreams/56e262df-3c8e-4b27-9dea-080670bbe89d/downloada450215a16bb8e0889ac9ccdbdcf3f67MD55ORIGINALdcede2021-27.pdfdcede2021-27.pdfapplication/pdf8864228https://repositorio.uniandes.edu.co/bitstreams/f8cf2491-493b-4b93-87b7-a57b4916c8c7/download7c313ab19dbf1f7d67371ff7b51a726dMD51TEXTdcede2021-27.pdf.txtdcede2021-27.pdf.txtExtracted texttext/plain76927https://repositorio.uniandes.edu.co/bitstreams/fbb41a8d-e115-4f1f-b8d6-a354d4382d0c/downloade52fb47ec350307decdf13e62284b2f4MD541992/50042oai:repositorio.uniandes.edu.co:1992/500422024-06-04 15:30:25.101http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.none.fl_str_mv Labor market power in developing countries: Evidence from colombian plants
title Labor market power in developing countries: Evidence from colombian plants
spellingShingle Labor market power in developing countries: Evidence from colombian plants
Labor market power
Export
Colombia
J42, L10, O14, O54
title_short Labor market power in developing countries: Evidence from colombian plants
title_full Labor market power in developing countries: Evidence from colombian plants
title_fullStr Labor market power in developing countries: Evidence from colombian plants
title_full_unstemmed Labor market power in developing countries: Evidence from colombian plants
title_sort Labor market power in developing countries: Evidence from colombian plants
dc.creator.fl_str_mv Amodio, Francesco
de Roux, Nicolás
dc.contributor.author.none.fl_str_mv Amodio, Francesco
de Roux, Nicolás
dc.subject.keyword.none.fl_str_mv Labor market power
Export
Colombia
topic Labor market power
Export
Colombia
J42, L10, O14, O54
dc.subject.jel.none.fl_str_mv J42, L10, O14, O54
description How much can employers in low and middle-income countries suppress wages below marginal productivity? Using plant and customs data from Colombia, we exploit predetermined variation across plants in sales export destination combined with variation in exchange rates to generate plant-specific shocks to marginal revenue productivity and labor demand. We estimate a firm-level labor supply elasticity of around 2.5, implying that workers produce about 40% more than their wage level. Our results indicate that Colombian and US manufacturers have a comparable degree of labor market power.
publishDate 2021
dc.date.accessioned.none.fl_str_mv 2021-05-26T13:20:14Z
dc.date.available.none.fl_str_mv 2021-05-26T13:20:14Z
dc.date.issued.none.fl_str_mv 2021
dc.type.spa.fl_str_mv Documento de trabajo
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dc.language.iso.none.fl_str_mv eng
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dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE No. 27 Mayo de 2021
dc.relation.repec.spa.fl_str_mv https://ideas.repec.org/p/col/000089/019267.html
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dc.format.extent.none.fl_str_mv 33 páginas
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
institution Universidad de los Andes
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