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Living with the neighbors: the effect of Venezuelan forced migration on the labor market in Colombia

Author

Listed:
  • Peñaloza-Pacheco, Leonardo

    (Universidad Nacional de La Plata, La Plata, Argentina)

Abstract

"I estimate the effect of the Venezuelan exodus on the Colombian labor market. The economic and social crisis in Venezuela triggered one of the most important migratory exoduses in recent decades: more than 4 million Venezuelans left their country and close to 1.8 million arrived in Colombia. I show that an increase in 1 p.p of labor supply due the migratory flow caused a decline in hourly wages in Colombia of 0.4% and a negative effect of 0.1 p.p. on the employment rate of low-skilled workers. The drop in wages was greater for men, low-skilled and informal workers." (Author's abstract, IAB-Doku, © Springer-Verlag) ((en))

Suggested Citation

  • Peñaloza-Pacheco, Leonardo, 2022. "Living with the neighbors: the effect of Venezuelan forced migration on the labor market in Colombia," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 56, pages 1-014.
    • Handle: RePEc:iab:iabjlr:v:56:i::p:a014
    DOI: 10.1186/s12651-022-00318-3
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    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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