G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w10077
来源IDWorking Paper 10077
Determinants of Labor Demand in Colombia: 1976-1996
Mauricio Cardenas; Raquel Bernal
发表日期2003-11-10
出版年2003
语种英语
摘要Colombia's unemployment rate rose to 20% during the late 1990s from less than 8% in 1994. This paper argues that this has been the result of high non-wage labor costs embodied in the legislation. The estimated own-wage labor demand elasticity is around 0.5, which implies that a reduction in those costs, while politically costly, can have a significant payoff in terms of equity and efficiency. We also find that adjustment costs of changing employment as well as wage elasticities were not affected by changes in the regulations regarding severance payments and dismissal costs. In this sense, structural reforms did have an impact on labor demand through its effect on relative prices alone. Finally, we conclude that the wage elasticity of labor demand increases (in absolute terms) during contractions. Hence, the increase in prices and the beginning of a recession had a significant effect on employment.
主题Labor Economics ; Labor Supply and Demand ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w10077
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/567705
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GB/T 7714
Mauricio Cardenas,Raquel Bernal. Determinants of Labor Demand in Colombia: 1976-1996. 2003.
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