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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w10077 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w10077 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567705 |
推荐引用方式 GB/T 7714 | Mauricio Cardenas,Raquel Bernal. Determinants of Labor Demand in Colombia: 1976-1996. 2003. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w10077.pdf(472KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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