Living with the neighbors: the effect of Venezuelan forced migration on the labor market in Colombia

Leonardo Peñaloza-Pacheco

Journal for Labour Market Research, 2022, vol. 56, issue 1, 1-32

Abstract: Abstract I estimate the effect of the Venezuelan exodus on the Colombian labor market. The economic and social crisis in Venezuela triggered one of the most important migratory exoduses in recent decades: more than 4 million Venezuelans left their country and close to 1.8 million arrived in Colombia. I show that an increase in 1 p.p of labor supply due the migratory flow caused a decline in hourly wages in Colombia of 0.4% and a negative effect of 0.1 p.p. on the employment rate of low-skilled workers. The drop in wages was greater for men, low-skilled and informal workers.

Keywords: Migration; Wages; Colombia; Venezuela (search for similar items in EconPapers)
JEL-codes: F22 J31 J61 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:spr:jlabrs:v:56:y:2022:i:1:d:10.1186_s12651-022-00318-3

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DOI: 10.1186/s12651-022-00318-3

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