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50 Years of Job Vacancies in Colombia: The Case of Bogota, 1960-2010

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  • Andrés Álvarez

    ()

  • Marc Hofstetter

    ()

Abstract

This paper presents a novel monthly dataset of job vacancies in Bogota between 1960 and 2010. The dataset was constructed by counting the number of help-wanted announcements published in the most important newspaper with national circulation-namely, El Tiempo. We describe the methodology used to construct the database, discuss some possible problems associated with it, and propose ways to solve them. The paper also presents an estimation of the job vacancy rate. We depict a Beveridge curve and use the vacancy rate to forecast unemployment. This first look at the series yields sensible results, while leaving a myriad of open questions for future research.

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Bibliographic Info

Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 009793.

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Length: 31
Date of creation: 08 Jul 2012
Date of revision:
Handle: RePEc:col:000094:009793

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Keywords: Vacancy Rate; Unemployment; Beveridge curve; labor market; Colombia.;

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  1. Stephen Nickell & Luca Nunziata & Wolfgang Ochel & Glenda Quintini, 2001. "The Beveridge curve, unemployment and wages in the OECD from the 1960s to the 1990s - preliminary version," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 20113, London School of Economics and Political Science, LSE Library.
  2. Regis Barnichon, 2009. "Vacancy posting, job separation and unemployment fluctuations," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2009-35, Board of Governors of the Federal Reserve System (U.S.).
  3. Barnichon, Regis, 2010. "Building a composite Help-Wanted Index," Economics Letters, Elsevier, Elsevier, vol. 109(3), pages 175-178, December.
  4. Luis Eduardo Arango & Andrés Felipe García & Carlos Esteban Posada, . "La metodología de la Encuesta Continua de Hogares y el empalme de las series del mercado laboral urbano de Colombia," Borradores de Economia 410, Banco de la Republica de Colombia.
  5. Jay L. Zagorsky, 1998. "Job Vacancies In The United States: 1923 To 1994," The Review of Economics and Statistics, MIT Press, vol. 80(2), pages 338-345, May.
  6. Marcus Cobb C. & Andrea Sánchez Y, 2008. "Índice de Avisos de Empleo," Economic Statistics Series, Central Bank of Chile 64, Central Bank of Chile.
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