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Relación entre las características de los mercados de trabajo latinoamericanos y la ley de Okun

María Porras () and Ángel Martín-Román ()

No 20-10, Documentos de Trabajo (working papers) from Instituto de Economia - IECON

Abstract: The Okun's law has been confirmed in several Latin American countries, regardless of the model used, and the estimated coefficients indicate a weaker relationship between GDP and unemployment than in developed countries. On the other hand, there is a group of countries where the coefficients are not significant, or the values are very close to zero. These countries have the highest values of the following variables that characterize their labour markets: own-account employment, unpaid family workers, informal employment and employment in the agricultural sector.

Keywords: Okuns’s law; unemployment; GDP growth; own-account employment; unpaid family workers; informal employment; employment in the agricultural sector (search for similar items in EconPapers)
JEL-codes: E23 E24 E26 J64 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2020-06
New Economics Papers: this item is included in nep-iue and nep-mac
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