TY  - RPRT
        AU  - Bacarreza, Gustavo J. Canavire
AU  - Carvajal-Osorio, Luis C.
        TI  - Two Stories of Wage Dynamics in Latin America: Different Policies, Different Outcomes
        PY  - 2018/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 11584
        UR  - https://www.iza.org/publications/dp11584
        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 left-wing economic 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 focused on free-market principles, has become more concentrated around the median wage, mainly due to changes in formal sector wages.
        KW  - wage dynamics
KW  - functional principal component analysis
KW  - wage distributions
KW  - Latin America
KW  - Bolivia
KW  - Colombia
        ER  -