Capital gain, real wages and labor efficiency in the manufacturing sector in Colombia
This paper aims to find empirical evidence on the positive relationship that is woven between wages and labor productivity for the Colombian manufacturing industry. This relationship is based onthe theory of nutritional status of Leibstein (1957) as well as the conjecture of the relationship between...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2014
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/2904 |
| _version_ | 1801705946187038720 |
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| author | Méndez-Sayago, Jhon Alexander |
| author_facet | Méndez-Sayago, Jhon Alexander |
| author_sort | Méndez-Sayago, Jhon Alexander |
| collection | OJS |
| description | This paper aims to find empirical evidence on the positive relationship that is woven between wages and labor productivity for the Colombian manufacturing industry. This relationship is based onthe theory of nutritional status of Leibstein (1957) as well as the conjecture of the relationship between wages and the value of the labor force of Marx (1946). To this purpose a production function augmented on wages with panel data was estimated and found the wage of production operative and laborer affects their productivity. With the wage elasticity estimated the effect on the benefits of a policy increase of 1 % of salary was simulated. It was found that 61.5 % of the sectors improve their profits with this policy |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-2904 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2014 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-29042022-06-17T21:33:44Z Capital gain, real wages and labor efficiency in the manufacturing sector in Colombia Plusvalía, salario real y eficiencia del trabajo en el sector manufacturero en Colombia Méndez-Sayago, Jhon Alexander efficiency wages value of labor force labor productivity augmented wages production function Salarios de eficiencia valor de la fuerza de trabajo productividad laboral. (Efficiency wages value of labor force labor productivity) This paper aims to find empirical evidence on the positive relationship that is woven between wages and labor productivity for the Colombian manufacturing industry. This relationship is based onthe theory of nutritional status of Leibstein (1957) as well as the conjecture of the relationship between wages and the value of the labor force of Marx (1946). To this purpose a production function augmented on wages with panel data was estimated and found the wage of production operative and laborer affects their productivity. With the wage elasticity estimated the effect on the benefits of a policy increase of 1 % of salary was simulated. It was found that 61.5 % of the sectors improve their profits with this policy Este artículo se propone encontrar evidencia empírica sobre la relación positiva que se teje entre los salarios y la productividad del trabajo para la industria manufacturera colombiana. Esta relación se sustenta en la teoría del estatus nutricional de Leibstein (1957), así como en la conjetura de la relación entre el salario y el valor de la fuerza de trabajo de Marx (1946). Para tal efecto se estimó una función de producción aumentada en salarios con datos panel y se encontró que el salario de obreros y operarios de producción incide en su productividad. Con la elasticidad salario estimada se simuló el efecto sobre los beneficios de una política de incremento del 1 % del salario. Se encontró que el 61.5 % de los sectores manufactureros mejorarían sus ganancias con esta política. Universidad Pedagógica y Tecnológica de Colombia 2014-09-22 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf https://revistas.uptc.edu.co/index.php/cenes/article/view/2904 10.19053/22565779.2904 Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 31-72 Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 31-72 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/2904/2641 Copyright (c) 2014 Jhon Alexander Méndez-Sayago http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | efficiency wages value of labor force labor productivity augmented wages production function Salarios de eficiencia valor de la fuerza de trabajo productividad laboral. (Efficiency wages value of labor force labor productivity) Méndez-Sayago, Jhon Alexander Capital gain, real wages and labor efficiency in the manufacturing sector in Colombia |
| title | Capital gain, real wages and labor efficiency in the manufacturing sector in Colombia |
| title_alt | Plusvalía, salario real y eficiencia del trabajo en el sector manufacturero en Colombia |
| title_full | Capital gain, real wages and labor efficiency in the manufacturing sector in Colombia |
| title_fullStr | Capital gain, real wages and labor efficiency in the manufacturing sector in Colombia |
| title_full_unstemmed | Capital gain, real wages and labor efficiency in the manufacturing sector in Colombia |
| title_short | Capital gain, real wages and labor efficiency in the manufacturing sector in Colombia |
| title_sort | capital gain real wages and labor efficiency in the manufacturing sector in colombia |
| topic | efficiency wages value of labor force labor productivity augmented wages production function Salarios de eficiencia valor de la fuerza de trabajo productividad laboral. (Efficiency wages value of labor force labor productivity) |
| topic_facet | efficiency wages value of labor force labor productivity augmented wages production function Salarios de eficiencia valor de la fuerza de trabajo productividad laboral. (Efficiency wages value of labor force labor productivity) |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/2904 |
| work_keys_str_mv | AT mendezsayagojhonalexander capitalgainrealwagesandlaborefficiencyinthemanufacturingsectorincolombia AT mendezsayagojhonalexander plusvaliasalariorealyeficienciadeltrabajoenelsectormanufactureroencolombia |
