IDEAS home Printed from https://ideas.repec.org/a/lde/journl/y2008i69p115-139.html
   My bibliography  Save this article

Employment, Unemployment and Real Wage: An analysis of the Labor Market in Medellín City (1995-2006)

Author

Listed:
  • Carlos Andrés Cano Gamboa
  • Adriana María Ochoa Yepes

    (Universidad EAFIT)

Abstract

The purpose of this article is to estimate a model determining the behavior of the variables of the labor market in order to ascertain the dynamics of transitory employment and real wage in Medellín and Valle de Aburrá between 1995 and 2006. The labor market was characterized by means of the neoclassical model of the labor market with simultaneous equations. It was found that people would be willing to accept a job at any income level and that the sensitivity of wages and employment with respect to output tends to increase in the long run.

Suggested Citation

  • Carlos Andrés Cano Gamboa & Adriana María Ochoa Yepes, 2008. "Employment, Unemployment and Real Wage: An analysis of the Labor Market in Medellín City (1995-2006)," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 69, pages 115-139, Julio-Dic.
    • Handle: RePEc:lde:journl:y:2008:i:69:p:115-139
    as

    Download full text from publisher

    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/81
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Urban labor market; real wage; cost of capital; simultaneous equations;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • L0 - Industrial Organization - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lde:journl:y:2008:i:69:p:115-139. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlos Andrés Vasco Correa (email available below). General contact details of provider: https://edirc.repec.org/data/deantco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.