Determinants of structural unemployment in Colombia : A search approach

Luis E. Arango; Luz Adriana Flórez

Borradores de Economia

Number:

969

Published:

Monday, 10 October 2016

Classification JEL:

E24, J3, J4

Keywords:

Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

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This paper is aimed to identify the main determinants of the structural unemployment rate (SUR) in Colombia. To this end, we initially look up theoretical determinants of structural unemployment as defined by a basic search and matching model. Then, we es