Duration Models to Evaluate First Employment Law’s Impact in Colombia

Wilmer Javier Ríos Pinerez () and Carlos Andrés Yanes Guerra ()

No 12417, Documentos de Trabajo from Universidad Católica de Colombia

Abstract: The aim of this paper is to select a duration model to assess whether the unemployment duration for Colombian people under 26 years old has decay since the application of a law that incentives hiring first time or without legal contract employees. Parametrical and non-parametrical models of duration are compared to investigate empirically the sensitivity of unemployment duration regression estimates to distributional assumptions. It is found that parametric results are sensitive to the choice of the distribution used to model unobservable component. Less duration of unemployment is explained by another variables different from the application of the first employment law.

JEL-codes: C14 C41 C53 (search for similar items in EconPapers)
Pages: 13
Date: 2014-11-28
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Persistent link: https://EconPapers.repec.org/RePEc:col:000444:012417

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