We assess the effects of the Colombian Unemployment Subsidy (US) program on future labor participation, unemployment … not increase, and for some populations decrease during the 18 months after leaving from the Unemployment Subsidy program …, larger decreases in their labor participation, and greater increases in their unemployment rates. We also find a small though …

Beveridge curve and use the vacancy rate to forecast unemployment. This first look at the series yields sensible results, while …

formal, informal or non-participant. I find that severance payments protect formal workers against the unemployment risk …. With severance payments workers do not over-accumulate to protect themselves against unemployment, instead they increase … payment is generous, I find that in the steady state the unemployment rate is low and welfare improves. …