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Factores Estructurales y Cíclicos y la Composición del Desempleo Abierto en Chile

Economic Analysis Review

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Title Factores Estructurales y Cíclicos y la Composición del Desempleo Abierto en Chile
Factores Estructurales y Cíclicos y la Composición del Desempleo Abierto en Chile
 
Creator Riveros, Luis
Paredes, Ricardo
 
Subject —
 
Description Inexistence of a inverse relationship behveen unemployment level and the observed wage changes has been empirically defected in the Chilean case. In this regard, the paper points out the need of distinguishing between structural and cyclical components of the total open unemployment. The structural unemployment is determined by the existence of market imperfections, and it is likely not to be an important factor in affecting markef wages. Hence. based upon a segmented labor market model -in which the presence of segmentation is due to labor market distortions- empirical estmates of the cyclical and structural components of the total unemployment are obtained. Subsequently, the paper shows that a regression between observed wage changes and the level of cyclical unemployment produces the expected negative correlation. The conclusion point outs that the distinction between unemployment components is paramount to understand the dynamics of the labor market.
Factores Estructurales y Cíclicos y la Composición del Desempleo Abierto en Chile
 
Publisher Universidad Alberto Hurtado - Facultad de Economía y Negocios
 
Contributor —
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Date 2010-03-11
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://www.rae-ear.org/index.php/rae/article/view/250
 
Source Revista de Análisis Económico - Economic Analysis Review; Vol 5, No 1 (1990); 47-60
Revista de Análisis Económico – Economic Analysis Review; Vol 5, No 1 (1990); 47-60
0718-8870
0716-5927
 
Language spa
 
Relation http://www.rae-ear.org/index.php/rae/article/view/250/415