Changes in the distribution of income and the New Economic Model in Colombia

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cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/EC 20(36/99)
cepal.callNumberLC/L.1227
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.idSade4558
cepal.jobNumberS9900044 E
cepal.physicalDescriptiondiagramas, tablas
cepal.projectProyecto Crecimiento, Empleo y Equidad: América Latina en los Años Noventa HOL/97/6034
cepal.regionalOfficeSantiago
cepal.topicEngMACROECONOMICS
cepal.topicEngINCOME DISTRIBUTION
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaDISTRIBUCIÓN DEL INGRESO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorBernal, Raquel
dc.contributor.authorCárdenas Santa-María, Mauricio
dc.contributor.entityNU. CEPAL
dc.contributor.entityNU. CEPAL. División de Desarrollo Económico
dc.contributor.entityPaíses Bajos. Gobierno
dc.coverage.spatialEngCOLOMBIA
dc.coverage.spatialSpaCOLOMBIA
dc.date.accessioned2014-01-02T16:49:58Z
dc.date.available2014-01-02T16:49:58Z
dc.date.issued1999-11
dc.descriptionIncludes bibliography
dc.description.abstractAbstract This paper has analyzed the changes in the distribution of income in Colombia since 1976 using data for urban economy (seven largest metropolitan areas) and for the manufacturing sector. Evidence is shown that the structural reforms that took place in the early 1990s have been related to higher income concentration in Colombia, where levels of inequality were already impressively high. The results suggest that both trade liberalization and skill complementary technological change have a positive impact on skill premiums. The evidence presented suggests that skill complementary technological change has been a key force behind the recent increase in the relative demand for more-educated workers. Much of the change in skill intensity has taken place within specific industries, rather than involving large reallocations between sectors. Trade reform has not resulted in a greater expansion of skill intensive sectors relative to unskilled intensive sectors. Quite the contrary, trade liberalization and other reforms, which lowered the user cost of capital and relaxed liquidity constraints, facilitated investment in skill complementary technologies within all sectors of production. Further evidence in this direction is provided by the fact that the largest increases in the relative earnings of the more educated workers took place in the non-traded sectors. The results suggest that both trade liberalization and skill complementary technological change have a positive impact on skill premiums. As the evidence presented in this paper shows, the structural reforms have been related to higher income concentration in Colombia, a country with already impressively high levels of inequality. For this reason, a better understanding of the relationship between the reforms and distribution is crucial to assess the future of the full reform agenda. Obviously this process has to be consistent with higher levels of growth, lower poverty and more equitable distribution of income.
dc.formatTexto
dc.format.extent57 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/L.1227
dc.identifier.urihttps://hdl.handle.net/11362/7493
dc.language.isoeng
dc.physicalDescription57 p. : diagrs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Reformas Económicas
dc.relation.isPartOfSeriesNo36
dc.rights.coarDisponible
dc.subject.unbisEngINCOME DISTRIBUTION
dc.subject.unbisEngTRAINING PROGRAMMES
dc.subject.unbisEngSTRUCTURAL ADJUSTMENT
dc.subject.unbisEngSUPPLY AND DEMAND
dc.subject.unbisEngWAGES
dc.subject.unbisSpaAJUSTE ESTRUCTURAL
dc.subject.unbisSpaPROGRAMAS DE CAPACITACION
dc.subject.unbisSpaDISTRIBUCION DEL INGRESO
dc.subject.unbisSpaOFERTA Y DEMANDA
dc.subject.unbisSpaSALARIOS
dc.titleChanges in the distribution of income and the New Economic Model in Colombia
dc.type.coarlibro
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