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The cyclical behavior of separation and job finding rates in Colombia

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  • Viviana Alejandra Alfonso C.

Abstract

This work uses readily accessible data about the stocks of unemployed workers, labor force and duration of unemployment to measure the job finding and separation rates for Colombia from 1984 to 2014. It also evaluates the relative contribution of these rates to the fluctuations of unemployment rate. It is found that contemporaneous movements in both rates explain significantly and in roughly the same proportion the changes in the unemployment rate during the analyzed period; however, for the last seven years job finding rate has driven the unemployment fluctuations. The results of this work differ from previous findings by Lasso (2011) where the separation rate is the most important in Colombia. Results are contrasted with the obtained for France and United States to show that Colombian unemployment is of European nature but has United States� features.

Suggested Citation

  • Viviana Alejandra Alfonso C., 2015. "The cyclical behavior of separation and job finding rates in Colombia," Borradores de Economia 13885, Banco de la Republica.
    • Handle: RePEc:col:000094:013885
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    References listed on IDEAS

    as
    1. Rogerson, Richard & Shimer, Robert, 2011. "Search in Macroeconomic Models of the Labor Market," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 7, pages Pages: 61, Elsevier.
    2. Rafael Puyana & Mario Andr�s Ramos & H�ctor Z�rate, 2011. "Determinantes del subempleo en Colombia: Un enfoque a trav�s de la compensaci�n salarial," Borradores de Economia 8337, Banco de la Republica.
    3. Robert Shimer, 2012. "Reassessing the Ins and Outs of Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 127-148, April.
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    Cited by:

    1. Andrés Álvarez, 2016. "La Curva de Beveridge en Colombia (1976-2014): Cambios cíclicos y estructurales," Borradores de Economia 962, Banco de la Republica de Colombia.
    2. Francisco Lasso-Valderrama, 2020. "LA DINÁMICA DEL MERCADO LABORAL COLOMBIANO: Cuál es el rol de los flujos de trabajadores?," Borradores de Economia 1120, Banco de la Republica de Colombia.
    3. Luis Eduardo Arango & Freddy Felipe Parra & �lvaro Jos� Pinz�n, 2015. "El ciclo econ�mico y el mercado de trabajo en Colombia: 1984 - 2014," Borradores de Economia 13962, Banco de la Republica.

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    More about this item

    Keywords

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    JEL classification:

    • 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
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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