Real minimun wage and GDP per capita as determinants of unemployment in Colombia 1980-2009

In the present study is verified if the variables Minimum Wage and GDP Per Capita, are determinants of unemployment rate in Colombia in the period 1980 – 2009, and which of the two variables more acute the unemployment in the country. Also was found that increases in real minimum wage, have little i...

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Detalles Bibliográficos
Autores principales: Cuadro-Guzmán, Efraín, Castillo-Loaiza, Jorge Leonardo, Castaño-Zuluaga, Andrés Mauricio
Formato: Revistas
Lenguaje:Español
Publicado: Universidad de Cartagena 2011
Acceso en línea:https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/349
Descripción
Sumario:In the present study is verified if the variables Minimum Wage and GDP Per Capita, are determinants of unemployment rate in Colombia in the period 1980 – 2009, and which of the two variables more acute the unemployment in the country. Also was found that increases in real minimum wage, have little influence on the behavior of the unemployment rate, otherwise the impact that in this rate is generated as a result of increases of GDP per capita.