50 years of job vacancies in Colombia: the case of Bogota, 1960-2010

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 c...

Full description

Autores:
Alvarez Gallo, Carlos Andrés
Hofstetter Gascón, Marc
Tipo de recurso:
Work document
Fecha de publicación:
2012
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/8312
Acceso en línea:
http://hdl.handle.net/1992/8312
Palabra clave:
Vacancy Rate
Unemployment
Beveridge curve
Labor market
Colombia
Mercado laboral - Investigaciones - 1950-2010 - Bogotá (Colombia)
Desempleo - Investigaciones - 1950-2010 - Bogotá (Colombia)
E24, E32, J63, J64
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
Description
Summary: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.