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Slow Dynamics of Job Flow Rates in Colombian Industry

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Chaves, Álvaro
Mesa, Alejandro
Mesa, Fernando
Abstract (Spanish)
Este estudio examina la creación y destrucción de puestos de trabajo en el sector industrial colombiano, a nivel de establecimiento. Para lograr este propósito, la literatura académica tradicional sobre este tema se integra con la literatura más reciente sobre la participación de los factores de producción en el valor del producto, lo que permite centrar el análisis en las condiciones del mercado. Se encuentra una estrecha relación positiva entre las tasas de flujos de puestos de trabajo y la participación de los ingresos laborales en el valor del producto; y una relación negativa con los márgenes de ganancia. La relación negativa esperada entre las tasas de flujo depuestos de trabajo y el grado de concentración en los mercados del sector manufacturero no se obtiene, dada la baja dinámica de los cambios estructurales que se registraron en este sector. Las relaciones estadísticas anteriores tienen fuertes implicaciones para las decisiones del diseño de políticas pública del mercado laboral. El análisis empírico utiliza dos técnicas econométricas, el Método Generalizado de Momentos estático y el de Arellano-Bond dinámico con variables instrumentales y efectos fijos. Además, se realiza una prueba de robustez econométrica con un modelo de diferencias en diferencias.
Abstract (English)
This study examines the creation and destruction of jobs in the Colombian industrial sector, at the establishment level. To achieve this purpose, the traditional academic literature on this issue is integrated with the most recent literature on the production factor shares in the product, which allows the analysis to be focused on market conditions. A close positive relationship is found between job flow rates and the labor income share in the product value, and a negative relationship with markups. The expected negative relationship between these job flow rates and the degree of concentration in the manufacturing sector markets is not obtained, given the low dynamics of changes that were registered in this sector. The above statistical relationships have strong implications for decisions in designing the labor market policies.The empirical analysis uses two econometric techniques, a static GMM and a dynamic Arellano-Bond with instrumental variables and fixed effects. Additionally, a robustness test is performed with a difference-in-differences model
Extent
22 páginas
URI: https://repositorio.escuelaing.edu.co/handle/001/3391
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AG - Centro de Estudios Económicos
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