Remittances, Nonlabor Income as a Source of Hysteresis in Unemployment in Colombia, 2010–2020

IF 0.7 3区社会学 Q2 AREA STUDIES

Latin American Research Review Pub Date : 2023-12-04 DOI:10.1017/lar.2023.57

Carlos David Cardona-Arenas, Lya Paola Sierra-Suárez

引用次数: 0

Abstract

This study seeks to determine the impact of remittances and nonlabor income on the duration of unemployment, and therefore on the hysteresis phenomenon in Colombia for the period between January 2010 and January 2021. The long-term unemployment rate in Colombia (LAPU) is calculated, and a vector autoregressive (VAR) model is subsequently estimated to evaluate the impact of remittances and nonlabor income on the LAPU. The results suggest that the increase in nonlabor income significantly affected LAPU in Colombia in the period analyzed. The growth of remittances instead turned out to positively and significantly impact LAPU only during the COVID-19 pandemic crisis. This suggests that remittances have become a fundamental income in times of crisis that allow for financing the search for work for a longer period of time, thus increasing the duration of unemployment and generating a hysteresis effect.

查看原文本刊更多论文

汇款、非劳动收入作为 2010-2020 年哥伦比亚滞后失业率的来源

本研究旨在确定汇款和非劳动收入对哥伦比亚2010年1月至2021年1月期间失业持续时间的影响，从而对滞后现象的影响。本文计算了哥伦比亚的长期失业率(LAPU)，随后估计了一个向量自回归(VAR)模型，以评估汇款和非劳动收入对LAPU的影响。结果表明，在分析期间，非劳动收入的增加显著影响了哥伦比亚的LAPU。相反，汇款增长只在2019冠状病毒病大流行危机期间对LAPU产生了积极和显著的影响。这表明，在危机时期，汇款已成为一种基本收入，可以在较长时期内为寻找工作提供资金，从而增加了失业的持续时间，并产生了滞后效应。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Latin American Research Review AREA STUDIES-

CiteScore

1.40

自引率

12.50%

发文量

137

审稿时长

9 weeks

期刊介绍： The Latin American Research Review is the premier interdisciplinary journal that publishes original research and surveys of current research on Latin America and the Caribbean. Interdisciplinary offerings reflect ahead-of-the-curve research, as well as new directions of knowledge creation in areas such as cultural studies, Latino issues and transnationalism, all of which increasingly intersect with Latin America in ways that are intellectually challenging and illuminating.