Hysteresis in Unemployment: Evidence from Latin America
This paper tests the hysteresis hypothesis in unemployment for 13 Latin American countries covering the period 1980-2005. The tests exploit the time series and the cross sectional variation of the series, and allows for cross section dependence and a different number of endogenously determined structural breakpoints. The findings give support to the hysteric dynamic hypothesis for the majority of the countries analyzed. The implications of the results have ramifications regarding macro-stabilization, structural reform, and the design of social safety protection.
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| Format: | Working Papers biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Financial Crisis and Structural Adjustement, Workforce and Employment, C22 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes, C23 - Panel Data Models • Spatio-temporal Models, E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity, J24 - Human Capital • Skills • Occupational Choice • Labor Productivity, J60 - Mobility Unemployment Vacancies and Immigrant Workers: General, WP-04/08, |
| Online Access: | http://dx.doi.org/10.18235/0011139 https://publications.iadb.org/en/hysteresis-unemployment-evidence-latin-america |
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dig-bid-node-105402024-05-30T20:25:17ZHysteresis in Unemployment: Evidence from Latin America 2008-03-01T00:00:00+0000 http://dx.doi.org/10.18235/0011139 https://publications.iadb.org/en/hysteresis-unemployment-evidence-latin-america Inter-American Development Bank Financial Crisis and Structural Adjustement Workforce and Employment C22 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes C23 - Panel Data Models • Spatio-temporal Models E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J24 - Human Capital • Skills • Occupational Choice • Labor Productivity J60 - Mobility Unemployment Vacancies and Immigrant Workers: General WP-04/08 This paper tests the hysteresis hypothesis in unemployment for 13 Latin American countries covering the period 1980-2005. The tests exploit the time series and the cross sectional variation of the series, and allows for cross section dependence and a different number of endogenously determined structural breakpoints. The findings give support to the hysteric dynamic hypothesis for the majority of the countries analyzed. The implications of the results have ramifications regarding macro-stabilization, structural reform, and the design of social safety protection. Inter-American Development Bank Matias Mednik César Rodríguez Inder J. Ruprah Working Papers application/pdf IDB Publications Argentina Brazil Chile Colombia Costa Rica Ecuador Mexico Nicaragua Panama Paraguay Peru Uruguay Venezuela Central America South America en |
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biblioteca |
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Biblioteca Felipe Herrera del BID |
| language |
English |
| topic |
Financial Crisis and Structural Adjustement Workforce and Employment C22 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes C23 - Panel Data Models • Spatio-temporal Models E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J24 - Human Capital • Skills • Occupational Choice • Labor Productivity J60 - Mobility Unemployment Vacancies and Immigrant Workers: General WP-04/08 Financial Crisis and Structural Adjustement Workforce and Employment C22 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes C23 - Panel Data Models • Spatio-temporal Models E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J24 - Human Capital • Skills • Occupational Choice • Labor Productivity J60 - Mobility Unemployment Vacancies and Immigrant Workers: General WP-04/08 |
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Financial Crisis and Structural Adjustement Workforce and Employment C22 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes C23 - Panel Data Models • Spatio-temporal Models E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J24 - Human Capital • Skills • Occupational Choice • Labor Productivity J60 - Mobility Unemployment Vacancies and Immigrant Workers: General WP-04/08 Financial Crisis and Structural Adjustement Workforce and Employment C22 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes C23 - Panel Data Models • Spatio-temporal Models E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J24 - Human Capital • Skills • Occupational Choice • Labor Productivity J60 - Mobility Unemployment Vacancies and Immigrant Workers: General WP-04/08 Inter-American Development Bank Hysteresis in Unemployment: Evidence from Latin America |
| description |
This paper tests the hysteresis hypothesis in unemployment for 13 Latin American countries covering the period 1980-2005. The tests exploit the time series and the cross sectional variation of the series, and allows for cross section dependence and a different number of endogenously determined structural breakpoints. The findings give support to the hysteric dynamic hypothesis for the majority of the countries analyzed. The implications of the results have ramifications regarding macro-stabilization, structural reform, and the design of social safety protection. |
| author2 |
Matias Mednik |
| author_facet |
Matias Mednik Inter-American Development Bank |
| format |
Working Papers |
| topic_facet |
Financial Crisis and Structural Adjustement Workforce and Employment C22 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes C23 - Panel Data Models • Spatio-temporal Models E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity J24 - Human Capital • Skills • Occupational Choice • Labor Productivity J60 - Mobility Unemployment Vacancies and Immigrant Workers: General WP-04/08 |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
Hysteresis in Unemployment: Evidence from Latin America |
| title_short |
Hysteresis in Unemployment: Evidence from Latin America |
| title_full |
Hysteresis in Unemployment: Evidence from Latin America |
| title_fullStr |
Hysteresis in Unemployment: Evidence from Latin America |
| title_full_unstemmed |
Hysteresis in Unemployment: Evidence from Latin America |
| title_sort |
hysteresis in unemployment: evidence from latin america |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0011139 https://publications.iadb.org/en/hysteresis-unemployment-evidence-latin-america |
| work_keys_str_mv |
AT interamericandevelopmentbank hysteresisinunemploymentevidencefromlatinamerica |
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1822250387550240768 |