Whom is unemployment affecting? Analysis of the incidence rate in Colombia

Juan Guataquí, Nohora Forero Ramírez () and Andres Garcia-Suaza

Lecturas de Economía, 2009, issue 70, 109-136

Abstract: The incidence rate represents a composite indicator that takes account of both the number of unemployed people and the average duration of employment. The analysis of this rate allows to portrait a more complete profile of those individuals who are more likely to either become unemployed or stay in such a situation. We find significant differences in the analysis of the unemployment rate and the incidence rate in Colombia, which suggests the importance of addressing certain elements underlying unemployment duration when appraising unemployment typology and policies aimed to overcome it.

Keywords: unemployment rate; job search; unemployment duration; unemployment incidence (search for similar items in EconPapers)
Date: 2009
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