On the Dynamics of Unemployment in a Developing Economy: Colombia

This paper estimates an asymmetric error correction model to analyse the dynamic behaviour of the Colombian unemployment rate. We find evidence that wages above their long- run equilibrium level do increase unemployment, but wages below this level do not reduce it.

MoreLess

Authors:	Iregui, Ana María ; Otero, Jesús
Institutions:	Banco de la Republica de Colombia
Subject:	Unemployment \| wage disequilibrium \| labour market \| cointegration \| non-linearties \| Colombia

More details

Extent:	application/pdf
Series:	Borradores de Economia.
Type of publication:	Book / Working Paper
Language:	English
Classification:	C32 - Time-Series Models ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005113973