Curva de Beveridge, Vacantes y Desempleo: Chile 1986-2002.II
In this paper we provide a vacancyindex for Chile for the period 1986 to the second quarter of 2002. This index is calculated using the number of jobs offered in newspapers’ advertisements of the 5 main urban areas. This information, in addition with employment and labor force data, is used to draw and estimate a Beveridge Curve (CB). We used this curve to analyze the sources of unemployment volatility. The stability of the curve along the sample is a signal of the anticyclical trayectory of the unemployment. On the other hand, shifts in this curve allow to conclude that unbalanced shocks have affected the labor market. The main conclusions of this paper are: i) the index is reasonably unbiased, despite of the fact that some statistical problems were not completely corrected; ii) there is no evidence to reject the stability of the CB (or the anticyclical behavior of the unemployment) at the national level during the sample, including the recent period; iii) in the context of an impulse-response analysis, a transitory innovation of vacancies has permanent impact on employment; iv) the index may be considered as a leader indicator of GDP (in one quarter) and employment (in half a year); v) these aggregated results are strongly influenced by the high weight of Santiago (the Capital) over the total; vi) outside the Capital, the CB seems to have been more unstable, specially in Concepción-Talcahuano and Temuco (both located in the South of the country), suffering a shift in the early 90s. However, it is not possible to conclude that these displacements are caused by sample problems in the data, by sectorial shocks or by non-linearity in the employment-vacancies elasticity.
|Date of creation:||Nov 2002|
|Date of revision:|
|Contact details of provider:|| Postal: Casilla No967, Santiago|
Phone: (562) 670 2000
Fax: (562) 698 4847
Web page: http://www.bcentral.cl/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Abraham, Katharine G & Katz, Lawrence F, 1986.
"Cyclical Unemployment: Sectoral Shifts or Aggregate Disturbances?,"
Journal of Political Economy,
University of Chicago Press, vol. 94(3), pages 507-22, June.
- Katharine G. Abraham & Lawrence F. Katz, 1984. "Cyclical Unemployment: Sectoral Shifts or Aggregate Disturbances?," NBER Working Papers 1410, National Bureau of Economic Research, Inc.
- Abraham, Katharine G. & Katz, Lawrence F., 1986. "Cyclical Unemployment: Sectoral Shifts or Aggregate Disturbances?," Scholarly Articles 3442781, Harvard University Department of Economics.
- Barbara Petrongolo & Christopher A. Pissarides, 2000.
"Looking Into the Black Box: A Survey of the Matching Function,"
CEP Discussion Papers
dp0470, Centre for Economic Performance, LSE.
- Christopher A. Pissarides & Barbara Petrongolo, 2001. "Looking into the Black Box: A Survey of the Matching Function," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 390-431, June.
- Petrongolo, Barbara & Pissarides, Christopher, 2000. "Looking Into The Black Box: A Survey Of The Matching Function," CEPR Discussion Papers 2409, C.E.P.R. Discussion Papers.
- Barbara Petrongolo & Christopher Pissarides, 2000. "Looking into the black box: a survey of the matching function," LSE Research Online Documents on Economics 2122, London School of Economics and Political Science, LSE Library.
- Coles, Melvyn G & Smith, Eric, 1994.
"Marketplaces and Matching,"
CEPR Discussion Papers
1048, C.E.P.R. Discussion Papers.
- Jovanovic, Boyan, 1979.
"Job Matching and the Theory of Turnover,"
Journal of Political Economy,
University of Chicago Press, vol. 87(5), pages 972-90, October.
- Wall, Howard J & Zoega, Gylfi, 2002.
" The British Beveridge Curve: A Tale of Ten Regions,"
Oxford Bulletin of Economics and Statistics,
Department of Economics, University of Oxford, vol. 64(3), pages 261-80, July.
- Wall, Howard & Zoega, Gylfi, 1997. "The British Beveridge Curve: A Tale of Ten Regions," CEPR Discussion Papers 1771, C.E.P.R. Discussion Papers.
- Howard J. Wall & Gylfi Zoega, 2001. "The British Beveridge curve: a tale of ten regions," Working Papers 2001-007, Federal Reserve Bank of St. Louis.
- Christopher A. Pissarides, 1994. "Search Unemployment with On-the-job Search," Review of Economic Studies, Oxford University Press, vol. 61(3), pages 457-475.
- Oliver Jean Blanchard & Peter Diamond, 1989. "The Beveridge Curve," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(1), pages 1-76.
- Lilien, David M, 1982. "Sectoral Shifts and Cyclical Unemployment," Journal of Political Economy, University of Chicago Press, vol. 90(4), pages 777-93, August.
- Anders Forslund & Alan B. Krueger, 1997.
"An Evaluation of the Swedish Active Labor Market Policy: New and Received Wisdom,"
in: The Welfare State in Transition: Reforming the Swedish Model, pages 267-298
National Bureau of Economic Research, Inc.
- Anders Forslund & Alan B. Krueger, 1994. "An Evaluation of the Swedish Active Labor Market Policy: New and Received Wisdom," NBER Working Papers 4802, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:chb:bcchwp:191. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudio Sepulveda)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.