IDEAS home Printed from https://ideas.repec.org/p/apk/nottec/2202.html

Job Vacancy Index for Costa Rica 2010 - 2021

Author

Listed:
  • Esteban Sánchez-Gómez

    (Department of Economic Analysis, Central Bank of Costa Rica)

Abstract

This paper presents a first labor demand index for Costa Rica, calculated from the National Employment Agency (NEA) website. The index shows procyclical behavior. Furthermore, the vacancy creation index showed a trend consistent with the heterogeneity in the economic activity across sectors, regions, and occupations during 2010-2021. Particularly, in the context of the COVID-19 pandemic, the activities most affected by the mobility restrictions during the first half of 2020 also reported the deepest contractions in their labor demand. Between the second half of 2020 through the last months of 2021, industries such as manufacturing, administrative and support service activities, information, and communication stood out for their more pronounced increase in their labor demand. Firms located in Heredia, Cartago, and Guanacaste, and occupations related to operators and assemblers of manufactures, professionals and scientists, and workers for support services and administrative services also reported higher vacancy creation. *** Resumen: Este artículo presenta el primer índice de demanda de trabajo para Costa Rica, denominado “Índice de Avisos de Empleo” (IAE). Se calcula para el periodo 2010-2021 con información obtenida del sitio web de la Agencia Nacional de Empleo (ANE). El IAE muestra un comportamiento procíclico. Su estimación por actividad económica, provincia y grupos ocupacionales es coherente con la dinámica de la economía en el periodo de estudio. En particular, en el contexto de la pandemia del COVID-19, se observa una contracción mayor en las actividades más afectadas por las medidas de restricción a la movilidad durante el primer semestre de 2020, mientras que en el periodo de recuperación (segundo semestre de 2020 y el año 2021) destaca su incremento en manufactura, servicios de apoyo a empresas e información y comunicaciones, así como de las empresas ubicadas en Heredia, Cartago y Guanacaste, y de las ocupaciones de operarios y ensambladores de manufactura, profesionales y científicas y personal de apoyo y administrativo.

Suggested Citation

  • Esteban Sánchez-Gómez, 2022. "Job Vacancy Index for Costa Rica 2010 - 2021," Notas Técnicas 2202, Banco Central de Costa Rica.
    • Handle: RePEc:apk:nottec:2202
    as

    Download full text from publisher

    File URL: https://repositorioinvestigaciones.bccr.fi.cr/handle/20.500.12506/392
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Svensson, L.E.O., 1994. "Estimating and Interpreting Foreward Interest Rates: Sweden 1992-1994," Papers 579, Stockholm - International Economic Studies.
    2. Alfaro, Rodrigo A., 2011. "Affine Nelson-Siegel model," Economics Letters, Elsevier, vol. 110(1), pages 1-3, January.
    3. Nelson, Charles R & Siegel, Andrew F, 1987. "Parsimonious Modeling of Yield Curves," The Journal of Business, University of Chicago Press, vol. 60(4), pages 473-489, October.
    4. Svensson, Lars E O, 1994. "Estimating and Interpreting Forward Interest Rates: Sweden 1992-4," CEPR Discussion Papers 1051, C.E.P.R. Discussion Papers.
    5. Diebold, Francis X. & Rudebusch, Glenn D. & Borag[caron]an Aruoba, S., 2006. "The macroeconomy and the yield curve: a dynamic latent factor approach," Journal of Econometrics, Elsevier, vol. 131(1-2), pages 309-338.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Esteban Méndez-Chacón & Diana Van Patten, 2022. "Voting on a Trade Agreement: Firm Networks and Attitudes Toward Openness," Documentos de Trabajo 2204, Banco Central de Costa Rica.
    2. Jhonny Aguilar-Madrigal & Mauricio Vega-Araya & Luis Rivera, 2025. "Ecosystem Services Accounting in Costa Rica: Regulation, Provision, and Cultural Services," Notas Técnicas 2501, Banco Central de Costa Rica.
    3. Adriana Corrales-Quesada & Fabio Gómez-Rodríguez & Carlos Segura-Rodriguez, 2024. "Stress Testing of the Central Bank of Costa Rica: Risk Assessment of Fixed-Income Instruments," Notas Técnicas 2401, Banco Central de Costa Rica.
    4. Ioannis A. Venetis & Avgoustinos Ladas, 2023. "Co-movement and global factors in sovereign bond yields," Bulletin of Applied Economics, Risk Market Journals, vol. 10(2), pages 17-45.
    5. Eder, Armin & Keiler, Sebastian & Pichl, Hannes, 2013. "Interest rate risk and the Swiss solvency test," Discussion Papers 41/2013, Deutsche Bundesbank.
    6. Alfaro, Rodrigo & Piña, Marco, 2023. "Estimates of the US Shadow-Rate," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(1).
    7. Ioannidis, Christos & Ka, Kook, 2018. "The impact of oil price shocks on the term structure of interest rates," Energy Economics, Elsevier, vol. 72(C), pages 601-620.
    8. Wei-Choun Yu & Donald M. Salyards, 2009. "Parsimonious modeling and forecasting of corporate yield curve," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 28(1), pages 73-88.
    9. Erhard RESCHENHOFER & Thomas STARK, 2019. "Forecasting the Yield Curve with Dynamic Factors," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 101-113, March.
    10. Andrea Carriero & George Kapetanios & Massimiliano Marcellino, 2010. "Forecasting Government Bond Yields with Large Bayesian VARs," Working Papers 662, Queen Mary University of London, School of Economics and Finance.
    11. Tomasz P. Kostyra, 2022. "Yield Curve Modelling with the Nelson-Siegel Method for Poland," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 44-56.
    12. Caldeira, João F. & Moura, Guilherme V. & Santos, André A.P., 2016. "Predicting the yield curve using forecast combinations," Computational Statistics & Data Analysis, Elsevier, vol. 100(C), pages 79-98.
    13. Chiara Casoli & Riccardo Lucchetti, 2026. "A rotated Dynamic Factor Model for the yield curve: squeezing out information when it matters," Working Papers 2026.03, Fondazione Eni Enrico Mattei.
    14. Aryo Sasongko & Cynthia Afriani Utama & Buddi Wibowo & Zaäfri Ananto Husodo, 2019. "Modifying Hybrid Optimisation Algorithms to Construct Spot Term Structure of Interest Rates and Proposing a Standardised Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 54(3), pages 957-1003, October.
    15. César Ulate-Sancho & Carlos Segura-Rodriguez, 2022. "A Sovereign Par Yield Curve in Dollars: A Dynamic Approach," Notas Técnicas 2206, Banco Central de Costa Rica.
    16. Lelo de Larrea Alejandra, 2020. "Forecast Comparison of the Term Structure of Interest Rates of Mexico for Different Specifications of the Affine Model," Working Papers 2020-01, Banco de México.
    17. Gaus, Eric & Sinha, Arunima, 2018. "What does the yield curve imply about investor expectations?," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 248-265.
    18. Stona, Filipe & Caldeira, João F., 2019. "Do U.S. factors impact the Brazilian yield curve? Evidence from a dynamic factor model," The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 76-89.
    19. Michiel De Pooter & Francesco Ravazzolo & Dick van Dijk, 2010. "Term structure forecasting using macro factors and forecast combination," International Finance Discussion Papers 993, Board of Governors of the Federal Reserve System (U.S.).
    20. Atsushi Inoue & Barbara Rossi, 2021. "A new approach to measuring economic policy shocks, with an application to conventional and unconventional monetary policy," Quantitative Economics, Econometric Society, vol. 12(4), pages 1085-1138, November.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

    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:apk:nottec:2202. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Departamento de Investigación Económica (email available below). General contact details of provider: https://edirc.repec.org/data/bccrrcr.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.