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dc.creatorArango-Thomas, Luis Eduardo
dc.creatorPosada, Carlos Esteban
dc.date.created2001-06-18
dc.date.issued2001-06-18
dc.identifier.urihttp://repositorio.banrep.gov.co/handle/20.500.12134/5198
dc.descriptionThe Colombian urban unemployment rate grew dramatically over the last six years. At the same time the real wage also had a sharp increase. The empirical evidence supports the hypothesis that an exogenous increase in the real wage was a cause of the unemployment growth. The long-run elasticity suggests that one percent increase of the real wage index increases unemployment rate something between 0.7 and 1.0 percent. Therefore it seems necessary that real wage comes back to its equilibrium path for the reduction of the unemployment rate to the natural level.
dc.format.mimetypePDF
dc.language.isospa
dc.publisherBanco de la República
dc.relation.ispartofDocumentos de Trabajo
dc.relation.ispartofseriesBorradores de Economía
dc.relation.isversionofBorradores de Economía; No. 180
dc.rights.accessRightsOpen Access
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/
dc.titleUnemployment rate and the real wage behavior: a neoclassical hint for the colombian labor market adjustment
dc.typeWorking Paper
dc.subject.jelE24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
dc.subject.jelJ30 - Wages, Compensation, and Labor Costs: General
dc.subject.keywordUnemployment
dc.subject.keywordWage
dc.subject.keywordNeoclassica
dc.subject.keywordLabor market adjustment
dc.subject.lembDesempleo -- Colombia
dc.subject.lembSalarios -- Colombia
dc.subject.lembMercado laboral -- Colombia
dc.type.spaDocumentos de trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspaE24 - Empleo; Desempleo; Salarios; Distribución intergeneracional de ingresos; Capital humano agregado; Productividad del trabajo agregada
dc.subject.jelspaJ30 - Salarios, remuneraciones y costes laborales: Generalidades
dc.type.hasversionPublished Version
dc.coverage.sucursalBogotá
dc.relation.doihttps://doi.org/10.32468/be.180
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
dc.relation.numberBorrador 180
dc.relation.repechttps://ideas.repec.org/p/bdr/borrec/180.html
dc.relation.dotechttps://ideas.repec.org/p/col/000094/003736.html
dc.identifier.handlehttp://hdl.handle.net/20.500.12134/5198
dc.creator.firmaLuis E. Arango
dc.source.handleRepecRePEc:bdr:borrec:180


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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit