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Costo laboral y competitividad en el sector manufacturero de América Latina, 1990-1998

Author

Listed:
  • Víctor E. Tokman

    (Director del Programa Regional del Empleo para América Latina y el Caribe.)

  • Daniel Martínez

    (Oficina Regional para las Américas de la OIT.)

Abstract

In this paper the reduction of labor costs is examined as a factor that contributes to increase the competitiveness of manufacturing firms. It first reviews non-wage labor costs in the case of workers with indefinite labor contracts, workers with temporary contracts, and those non-registered, with the intention of showing the differences that exist in non-wage labor costs according to the type of contract or the quality of non-registered of the workers, as well as the impact of these differences on the labor costs of each type and on the average cost. It then examines the evolution of labor costs in manufacturing, and how their magnitude varies depending on the deflator that is used, given the change in relative prices that accompanied the first years of the processes of economic and commercial liberalization in the region. It then analyzes the evolution of labor costs in manufacturing according to the type of contract, as well as the changes in the average labor cost in manufacturing that resulted from the strategy of both reducing non-wage labor costs and modifying the structure of employment by type of contract; the impact of exchange rate overvaluation on the average labor cost and competitiveness is described, and estimates the possible evolution of competitiveness in the absence of the exchange overvaluation. Finally, come suggestions seeking labor competitiveness in the countries of the region are made.

Suggested Citation

  • Víctor E. Tokman & Daniel Martínez, 2001. "Costo laboral y competitividad en el sector manufacturero de América Latina, 1990-1998," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, issue 48, pages 75-106.
  • Handle: RePEc:pcp:pucrev:y:2001:i:48:p:75-106
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    File URL: http://revistas.pucp.edu.pe/index.php/economia/article/view/848/812
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    References listed on IDEAS

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    1. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
    2. Granger, C. W. J. & Newbold, Paul, 1986. "Forecasting Economic Time Series," Elsevier Monographs, Elsevier, edition 2, number 9780122951831 edited by Shell, Karl.
    3. Adolfo Figueroa, 1991. "Transformación en la Agricultura de América Latina: Capitalismo y Campesinado," Capítulos de Libros PUCP / Chapters of PUCP books,in: La agricultura latinoamericana: crisis, transformaciones y perspectivas, edition 1 Fondo Editorial - Pontificia Universidad Católica del Perú.
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