Arepas are not Tacos: On the Labor Markets of Latin America

Maria Aristizabal-Ramirez, Cezar Santos and Alejandra Torres ()
Additional contact information
Maria Aristizabal-Ramirez: https://www.federalreserve.gov/econres/maria-aristizabal-ramirez.htm

No 1396, International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This paper examines labor markets across Latin American countries, revealing substantial differences in unemployment, informality, and worker transitions. Using surveys from eight countries, we construct comparable statistics on employment stocks and mobility patterns. Notable cross-country differences emerge, with economies mostly clustered into high unemployment-low informality or low unemployment-high informality groups. Transition probabilities and directional flows also vary significantly. We highlight the importance of using country-specific parameters when simulating labor market and aggregate outcomes. Finally, we compare our main results with those by sex and education groups.

Keywords: Latin America; Labor markets; Informality; Unemployment; Transitions (search for similar items in EconPapers)
JEL-codes: E24 E26 J46 O54 (search for similar items in EconPapers)
Date: 2024-09-23
New Economics Papers: this item is included in nep-dev, nep-iue and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.federalreserve.gov/econres/ifdp/files/ifdp1396.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgif:1396

DOI: 10.17016/IFDP.2024.1396

Access Statistics for this paper

More papers in International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.) Contact information at EDIRC.
Bibliographic data for series maintained by Ryan Wolfslayer ; Keisha Fournillier ().