Unemployment dynamics in Uruguay: an analysis using chain reaction theory

This article analyses unemployment dynamics in Uruguay within the framework of chain reaction theory and offers evidence to account for the remarkable drop in unemployment over recent years. It confirms the impact of exogenous variables on the long-run trajectory of unemployment and rules out the no...

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Autores principales:	Leites, Martín, Porras, Sylvina
Formato:	Texto
Lenguaje:	English
Publicado:	2017
Materias:	DESEMPLEO MERCADO DE TRABAJO OFERTA DE MANO DE OBRA SALARIOS MEDICION UNEMPLOYMENT LABOUR MARKET LABOUR SUPPLY WAGES MEASUREMENT
Acceso en línea:	http://hdl.handle.net/11362/41257
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spelling	oai-11362-412572020-03-06T16:50:27Z Unemployment dynamics in Uruguay: an analysis using chain reaction theory Leites, Martín Porras, Sylvina DESEMPLEO MERCADO DE TRABAJO OFERTA DE MANO DE OBRA SALARIOS MEDICION UNEMPLOYMENT LABOUR MARKET LABOUR SUPPLY WAGES MEASUREMENT This article analyses unemployment dynamics in Uruguay within the framework of chain reaction theory and offers evidence to account for the remarkable drop in unemployment over recent years. It confirms the impact of exogenous variables on the long-run trajectory of unemployment and rules out the notion that its long-run level gravitates around an equilibrium value. It identifies inertia processes in labour supply and demand and in wages, whose mutual interactions mean that shocks have persistent effects on unemployment. There are also complementary spillover effects that influence the magnitude and duration of the effects of shocks. Lastly, the article emphasizes that growth in the capital stock and capital productivity accounts for some of the substantial decline in unemployment in Uruguay since 2003. 2017-04-25T14:44:17Z 2017-04-25T14:44:17Z 2016-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/41257 LC/G.2694-P 5 en CEPAL Review CEPAL Review 120 .pdf application/pdf URUGUAY URUGUAY
institution	Cepal
collection	Cepal
language	English
topic	DESEMPLEO MERCADO DE TRABAJO OFERTA DE MANO DE OBRA SALARIOS MEDICION UNEMPLOYMENT LABOUR MARKET LABOUR SUPPLY WAGES MEASUREMENT
spellingShingle	DESEMPLEO MERCADO DE TRABAJO OFERTA DE MANO DE OBRA SALARIOS MEDICION UNEMPLOYMENT LABOUR MARKET LABOUR SUPPLY WAGES MEASUREMENT Leites, Martín Porras, Sylvina Unemployment dynamics in Uruguay: an analysis using chain reaction theory
description	This article analyses unemployment dynamics in Uruguay within the framework of chain reaction theory and offers evidence to account for the remarkable drop in unemployment over recent years. It confirms the impact of exogenous variables on the long-run trajectory of unemployment and rules out the notion that its long-run level gravitates around an equilibrium value. It identifies inertia processes in labour supply and demand and in wages, whose mutual interactions mean that shocks have persistent effects on unemployment. There are also complementary spillover effects that influence the magnitude and duration of the effects of shocks. Lastly, the article emphasizes that growth in the capital stock and capital productivity accounts for some of the substantial decline in unemployment in Uruguay since 2003.
format	Texto
author	Leites, Martín Porras, Sylvina
author_facet	Leites, Martín Porras, Sylvina
author_sort	Leites, Martín
title	Unemployment dynamics in Uruguay: an analysis using chain reaction theory
title_short	Unemployment dynamics in Uruguay: an analysis using chain reaction theory
title_full	Unemployment dynamics in Uruguay: an analysis using chain reaction theory
title_fullStr	Unemployment dynamics in Uruguay: an analysis using chain reaction theory
title_full_unstemmed	Unemployment dynamics in Uruguay: an analysis using chain reaction theory
title_sort	unemployment dynamics in uruguay: an analysis using chain reaction theory
publishDate	2017
url	http://hdl.handle.net/11362/41257
work_keys_str_mv	AT leitesmartin unemploymentdynamicsinuruguayananalysisusingchainreactiontheory AT porrassylvina unemploymentdynamicsinuruguayananalysisusingchainreactiontheory
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Unemployment dynamics in Uruguay: an analysis using chain reaction theory

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