Abstract

OSSA-HERNANDEZ, Daniel Francisco. Productivity and income distribution: Implications for the Colombian minimum wage, 2001-2016. Rev.econ.inst. [online]. 2018, vol.20, n.39, pp.231-255. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v20n39.10.

This paper reviews the discussion on the most appropriate method for measuring productivity. It takes into account the TFP, the productivity of capital, and labor productivity, as well as its interpretations, scope, and relations. Additionally, it analyzes the impacts of this discussion on the evolution of the Colombian minimum wage over the period 2001-2016. Finally, it discusses the relationship between the growth of productivity and the distribution of income between capital and labor, proposing a critique of the neoclassical perspective.

Keywords : Minimum salary; productivity; TFP; labor productivity; income distribution.

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