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The Time-Varying Long-Run Unemployment Rate: The Colombian Case

Luis Eduardo
Arango-Thomas
Carlos Esteban
Posada
Miércoles, 1 Marzo 2006

The long-run component of the Colombian unemployment rate is estimated for the last twenty years. According to the results, the main determinants of the permanent component of the unemployment rate are the real hourly wage, the non-wage labor costs and th