Unemployment in Latin America and the Caribbean
This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural population and that the effects of government regulations...
- Autores:
-
Ball, Laurence M
Roux Uribe, Nicolás de
Hofstetter Gascón, Marc
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2011
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/8289
- Acceso en línea:
- http://hdl.handle.net/1992/8289
- Palabra clave:
- Hysteresis
Latin America and the Caribbean
Monetary policy
Unemployment
Desempleo - América Latina
JEL: E24, E31, E52, F32
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Ball, Laurence M392cd9f0-e92b-46b6-8aba-c94790f53297500Roux Uribe, Nicolás de8004400Hofstetter Gascón, Marc3d0bcedf-a38a-4b26-b135-89ff51b72cf24002018-09-27T16:51:53Z2018-09-27T16:51:53Z20111657-5334http://hdl.handle.net/1992/82891657-719110.57784/1992/8289instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural population and that the effects of government regulations are generally weak. We also examine large, persistent increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions result from either disinflationary monetary policy or the defense of an exchange-rate peg in the face of capital flight. Our evidence supports hysteresis theories in which short-run changes in unemployment influence the natural rate.Este estudio construye nuevas series de tasas de desempleo para Latinoamérica y el Caribe y estudia sus determinantes. Al comparar diferentes países encontramos que el desempleo está influenciado por el tamaño de la población rural y que los efectos de las regulaciones gubernamentales son generalmente débiles. También examinamos aumentos prolongados y persistentes del desempleo en el tiempo y encontramos que se originan en contracciones de la demanda agregada. Estas contracciones son el resultado ya sea de políticas monetarias desinflacionarias o de la defensa de una tasa de cambio fija ante salidas de capital. Nuestra evidencia da soporte a las teorías de histéresis según las cuales cambios de corto plazo en la tasa de desempleo influencian su tasa natural.46 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 33 Agosto de 2011https://ideas.repec.org/p/col/000089/008917.htmlUnemployment in Latin America and the CaribbeanEl desempleo en Latinoamérica y el CaribeDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPHysteresisLatin America and the CaribbeanMonetary policyUnemploymentDesempleo - América LatinaJEL: E24, E31, E52, F32Facultad de EconomíaPublicationTEXTdcede2011-33.pdf.txtdcede2011-33.pdf.txtExtracted texttext/plain77075https://repositorio.uniandes.edu.co/bitstreams/f76310b7-d07a-4bb7-8180-ba47335bad0f/download1aa9798b1396492a75d725a3d1e96a9cMD54THUMBNAILdcede2011-33.pdf.jpgdcede2011-33.pdf.jpgIM Thumbnailimage/jpeg3385https://repositorio.uniandes.edu.co/bitstreams/7a782b5e-6571-4407-b50b-2166147a83cb/download78ae280a97180cb95eef54103e7fe971MD55ORIGINALdcede2011-33.pdfdcede2011-33.pdfapplication/pdf632405https://repositorio.uniandes.edu.co/bitstreams/109d60c5-e950-4f52-8037-fef14d25585f/download5b5c6c00767915f358a07e2c9630ee81MD511992/8289oai:repositorio.uniandes.edu.co:1992/82892024-06-04 15:44:10.255http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co |
| dc.title.none.fl_str_mv |
Unemployment in Latin America and the Caribbean |
| dc.title.alternative.none.fl_str_mv |
El desempleo en Latinoamérica y el Caribe |
| title |
Unemployment in Latin America and the Caribbean |
| spellingShingle |
Unemployment in Latin America and the Caribbean Hysteresis Latin America and the Caribbean Monetary policy Unemployment Desempleo - América Latina JEL: E24, E31, E52, F32 |
| title_short |
Unemployment in Latin America and the Caribbean |
| title_full |
Unemployment in Latin America and the Caribbean |
| title_fullStr |
Unemployment in Latin America and the Caribbean |
| title_full_unstemmed |
Unemployment in Latin America and the Caribbean |
| title_sort |
Unemployment in Latin America and the Caribbean |
| dc.creator.fl_str_mv |
Ball, Laurence M Roux Uribe, Nicolás de Hofstetter Gascón, Marc |
| dc.contributor.author.none.fl_str_mv |
Ball, Laurence M Roux Uribe, Nicolás de Hofstetter Gascón, Marc |
| dc.subject.keyword.none.fl_str_mv |
Hysteresis Latin America and the Caribbean Monetary policy Unemployment |
| topic |
Hysteresis Latin America and the Caribbean Monetary policy Unemployment Desempleo - América Latina JEL: E24, E31, E52, F32 |
| dc.subject.armarc.none.fl_str_mv |
Desempleo - América Latina |
| dc.subject.jel.none.fl_str_mv |
JEL: E24, E31, E52, F32 |
| description |
This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural population and that the effects of government regulations are generally weak. We also examine large, persistent increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions result from either disinflationary monetary policy or the defense of an exchange-rate peg in the face of capital flight. Our evidence supports hysteresis theories in which short-run changes in unemployment influence the natural rate. |
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2011 |
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2011 |
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2018-09-27T16:51:53Z |
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2018-09-27T16:51:53Z |
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Documento de trabajo |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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10.57784/1992/8289 |
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reponame:Repositorio Institucional Séneca |
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eng |
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eng |
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Documentos CEDE No. 33 Agosto de 2011 |
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https://ideas.repec.org/p/col/000089/008917.html |
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46 páginas |
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Universidad de los Andes, Facultad de Economía, CEDE |
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