Valencia, Oscar M.; Angarita, Matilde; Santaella, Juan; … - 2020
, and economic growth. For this purpose, we built a dynamic general equilibrium model with a search and matching structure … generates a negative effect on wages and an increase in the unemployment rate--and skilled workers, who benefit from higher … wages and lower unemployment. These changes in the labor market affect the government's revenue, resulting, in the long term …
