Valuation of Active Chilean Employment Support Policies Seeking Economic Sustainability through Market Flows

Yamil Arturo Chandía-Rodríguez, Rodrigo Linfati, Guillermo Murillo-Vargas and John Willmer Escobar ()
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Yamil Arturo Chandía-Rodríguez: School of Industrial Engineering, University of the Bío-Bío, Concepción 4030000, Chile
Rodrigo Linfati: Department of Industrial Engineering, University of the Bío-Bío, Concepción 4030000, Chile
Guillermo Murillo-Vargas: Department of Business and Organizations, Universidad del Valle, Cali 760001, Colombia
John Willmer Escobar: Department of Accounting and Finance, Universidad del Valle, Cali 760001, Colombia

Sustainability, 2024, vol. 16, issue 2, 1-20

Abstract: This paper proposes a market flow methodology to assess Chilean employment support policies between 1996 and 2019 based on the probability of finding or losing a job and market flow analysis. The proposed methodology is analyzed with data obtained from the National Institute of Statistics (INE), establishing flows and probabilities of entry and exit from employment and their contributions to the variability of unemployment to clarify the behavior of Chilean employment support and select the type of measures through which to provide improved recovery and job protection and the other possible improvements to be made. Employment is an essential issue of a country’s sustainability. The results show the efficiency of the proposed approach in evaluating employment support policies in different countries.

Keywords: employment; employment support flows; probability of unemployment; economic sustainability (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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