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

Author Info

  • 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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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 719.

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Length: 31
Date of creation: Jul 2012
Date of revision:
Handle: RePEc:bdr:borrec:719
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Keywords: Vacancy Rate; Unemployment; Beveridge curve; labor market; Colombia. Classification JEL: E24; E32; J63; J64.;

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Find related papers by JEL classification:
  • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
  • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
  • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
  • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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References listed on IDEAS
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  1. 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.
  2. Luis Eduardo Arango & Andrés Felipe García & Carlos Esteban Posada, 2006. "La metodología de la Encuesta Continua de Hogares y el empalme de las series del mercado laboral urbano de Colombia," BORRADORES DE ECONOMIA 003039, BANCO DE LA REPÚBLICA.
  3. 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 20113, London School of Economics and Political Science, LSE Library.
  4. Regis Barnichon, 2009. "Vacancy posting, job separation and unemployment fluctuations," Finance and Economics Discussion Series 2009-35, Board of Governors of the Federal Reserve System (U.S.).
  5. Marcus Cobb C. & Andrea Sánchez Y, 2008. "Índice de Avisos de Empleo," Economic Statistics Series 64, Central Bank of Chile.
  6. Barnichon, Regis, 2010. "Building a composite Help-Wanted Index," Economics Letters, Elsevier, vol. 109(3), pages 175-178, December.
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Cited by:

  1. Andrés Álvarez & Marc Hofstetter, 2013. "Job Vacancies in Colombia: 1976-2012," DOCUMENTOS CEDE 011938, UNIVERSIDAD DE LOS ANDES-CEDE.

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