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Duration and Risk of Unemployment in Argentina

  • Sebastian Galiani

    ()

  • Hugo A. Hopenhayn

After a decade of structural reforms, unemployment rates have tripled in Argentina. This paper is concerned with the measurement of unemployment risk and its distribution. We show the importance of considering re-incidence in the measurement of unemployment risk and develop a methodolgy to do that. Our estimates for Argentina show that, though the typical unemployment spell is short, once re-incidence is taken into account, unemployment risk is high, has risen substantially in the last decade and is shared very unequally in the labor force. This counters the established view that unemployment is a small risk, short-duration phenomenon, which arises when re-incidence is not considered.

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File URL: http://www.wdi.umich.edu/files/Publications/WorkingPapers/wp476.pdf
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Paper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number 476.

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Length: 25 pages
Date of creation: 05 Oct 2001
Date of revision:
Handle: RePEc:wdi:papers:2001-476
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  12. Thierry Magnac & Jean-Marc Robin, 1994. "An econometric analysis of labour market transitions using discrete and tenure data," Post-Print hal-00359430, HAL.
  13. Narendranathan, W & Nickell, S & Stern, J, 1985. "Unemployment Benefits Revisited," Economic Journal, Royal Economic Society, vol. 95(378), pages 307-29, June.
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  17. Carling, Kenneth & Edin, Per-Anders & Harkman, Anders & Holmlund, Bertil, 1996. "Unemployment duration, unemployment benefits, and labor market programs in Sweden," Journal of Public Economics, Elsevier, vol. 59(3), pages 313-334, March.
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