2021-04-122010-11-010165176518737374WOS;000359872200009SCOPUS;2-s2.0-84939256903http://hdl.handle.net/10784/28027Using microdata from the 2002-2006 Colombian Continuous Household Survey, we find an elasticity of individual wages to local unemployment rates of - 0.07. However, the elasticity for informal workers is significantly higher, a result which is consistent with efficiency wage theoretical models and relevant for regional labour market analysis in developing countries. © 2010 Elsevier B.V.enghttps://v2.sherpa.ac.uk/id/publication/issn/0165-1765articleFormal and informal sectorsUnemploymentWage curve2021-04-12Ramos, RaulDuque, Juan C.Surinach, Jordi10.1111/pirs.12088