Borradores de Economia
Número:
208
Publicado:
Clasificación JEL:
C32, J31, J64
Palabras clave:
Unemployment, wage disequilibrium, Cointegration, non-linearities
Lo más reciente
Aarón Levi Garavito-Acosta, Wilmer Martinez-Rivera, Camilo González-Sabogal, Johanna Barbosa-Buitrago, Nathaly Vergel-Serrano
Nicol Valeria Rodríguez-Rodríguez, Sebastián Quintero-Uribe, Johanna Barbosa-Buitrago
Zhibiao Zhao, Manuel Darío Hernández-Bejarano
This paper estimates an asymmetric error correction model to analyse the dynamic behaviour of the Colombian unemployment rate. We find evidence that wages above their long-run equilibrium level do increase unemployment, but wages below this level do not r