¿A quiénes afecta el desempleo? Análisis de la tasa de incidencia en Colombia

The analysis of the risk dimension of unemployment adds on the study of issues such as its typology (frictional, structural and cyclical), active-search methods and vulnerability to unemployment. On this sense, the incidence rate of unemployment is a composed indicator which combines both the level of unemployment and the persistence of it (its duration). An analytical decomposition of the different features of unemployment incidence allows for a deeper characterization of vulnerability to the likelihood of becoming unemployed and to remain in such state. We find that in the Colombian labour market there are significant differences between the unemployment rate and the incidence rate, which implies that the outcomes of the labour market are not just explained by the effect of aggregate shocks but by the duration effects of the different labour states, which are also important on explaining the short and long run dynamics of the labour market.