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Duration Models to Evaluate First Employment Law’s Impact in Colombia

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  • Wilmer Javier Ríos Pinerez
  • Carlos Andrés Yanes Guerra

Abstract

The aim of this paper is to select a duration model to assess whether the unemployment duration for Colombian people under 26 years old has decay since the application of a law that incentives hiring first time or without legal contract employees. Parametrical and non-parametrical models of duration are compared to investigate empirically the sensitivity of unemployment duration regression estimates to distributional assumptions. It is found that parametric results are sensitive to the choice of the distribution used to model unobservable component. Less duration of unemployment is explained by another variables different from the application of the first employment law.

Suggested Citation

  • Wilmer Javier Ríos Pinerez & Carlos Andrés Yanes Guerra, 2014. "Duration Models to Evaluate First Employment Law’s Impact in Colombia," Documentos de Trabajo 12417, Universidad Católica de Colombia.
    • Handle: RePEc:col:000444:012417
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    References listed on IDEAS

    as
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    4. Jaime Tenjo Galarza & Martha Misas Arango & Alfredo Contreras Eitner & Alejandro Gaviria Jaramillo, "undated". "Modelos de duración del desempleo en Colombia," Vniversitas Económica 10006, Universidad Javeriana - Bogotá.
    5. Bergstrom, R & Edin, P-A, 1992. "Time Aggregation and the Distributional Shape of Unemployment Duration," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 7(1), pages 5-30, Jan.-Marc.
    6. Ben-Horim, Moshe & Zuckerman, Dror, 1987. "The Effect of Unemployment Insurance on Unemployment Duration," Journal of Labor Economics, University of Chicago Press, vol. 5(3), pages 386-390, July.
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    More about this item

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

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