CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

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Wage disparities in the urban labour market

A number of studies have confirmed that in all capitalist * economies which have attained a certain degree of industrial development a segmentation of the urban formal labour market occurs, one of the consequences of which is greater inequality in wages and salaries. The author explains this phenomenon by postulating as a general hypothesis that the level of remunerations is determined by the overt or latent conflict between entrepreneurs and workers, and that many of the changes in the industrial structure derive from the efforts of entrepreneurs to obviate its destabilizing effects.

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