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Oferta laboral y producto: 1970-1999

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  • Cecilia Garavito

    (Pontificia Universidad Católica del Perú - Departamento de economía)

Abstract

The objective of this article is to explore the changes in the labor force due to variations of the product, both for changes in the volume of labor force and for changes in the global rate of activity. By means of a time series analysis we find that the labor force in Lima has a basically procyclical behavior, which leads to an increase in its volume when product rises, hindering employment generating policies' effectiveness. This determines a relative stability of the unemployment rate, which is also associated to the existence of a self-employment sector, which absorbs the excesses of labor force of the modern sector. Additionally we find that the sensitivity of women labor force with respect to changes in product is greater than the aggregate, awaited result since most women are not household heads, and constitute secondary labor force in the family. Finally, we find that the sensitivity of labor force to changes in product is smaller in the aggregate during the 903, even though sensitivity in women labor force participation is greater during this period. This result is associated with the fall and smaller variability in the men labor force participation in the same decade.

Suggested Citation

  • Cecilia Garavito, 2001. "Oferta laboral y producto: 1970-1999," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, issue 48, pages 107-132.
    • Handle: RePEc:pcp:pucrev:y:2001:i:48:p:107-132
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    File URL: http://revistas.pucp.edu.pe/index.php/economia/article/view/849/813
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