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Participation in the Labor Supply in Latin America, 2000–2008

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  • Luis Rene Caceres

    (Not Available)

Abstract

This paper analyzes the determinants of participation in the labor supply in a sample of ten Latin American countries. To this end, a VAR model is estimated with the variables economic growth, wages, unemployment and participation rate. A first section discusses the evolution and determining variables of participation rates in the Latin American countries, under the light of recent theories. This is followed by a review of recent literature on participation in Latin American countries. Next, impulse response functions are analyzed which permits to appreciate the role of economic growth, the real wage and the unemployment rate on participation. Further analysis is carried to appreciate the role of governance in the labor market. The paper ends with a discussion of the social policies related to labor markets.

Suggested Citation

  • Luis Rene Caceres, 2013. "Participation in the Labor Supply in Latin America, 2000–2008," Journal of Developing Areas, Tennessee State University, College of Business, vol. 47(1), pages 241-261, January-J.
  • Handle: RePEc:jda:journl:vol.47:year:2013:issue1:pp:241-261
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    More about this item

    Keywords

    Participation rate; unemployment; child labor; governance;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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