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

Author

Listed:
  • Juan Carlos Guataquí
  • Nohora Forero
  • Andrés Felipe García

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.

Suggested Citation

  • Juan Carlos Guataquí & Nohora Forero & Andrés Felipe García, 2009. "Whom is unemployment affecting? Analysis of the incidence rate in Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 70, pages 109-136.
    • Handle: RePEc:lde:journl:y:2009:i:70:p:109-136
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