Resumen

RIVEROS-CASTRO, Lizeth Paola. Sectoral Analysis of the Matching Function in Colombia: Efficiency Public Employment Service. Ens. polit. econ. [online]. 2017, vol.35, n.83, pp.101-129. ISSN 0120-4483.  https://doi.org/10.1016/j.espe.2016.12.001.

The objective of this research is to analyze the Colombian labor market and to identify some frictions that affect the aggregate, departmental and agent's levels, through the estimation of a matching function, using monthly data from the Public Employment Service (SPE), from February to November 2014. This research is the first approach to estimating the matching fucntion of the Colombian labor market. Comparison between models concludes that: (i) frictions are higher for firms than for the unemployed; (ii) there is a bias in the estimation of the matching function; (iii) there is evidence of constant returns to scale; (iv) interactions between supply and demand for labor occur first in the regions and are less relevant because of the characteristics of the agents; (v) the stock-flow model does not adjust to several estimates, and (vi) the more robust model corresponds to the dynamic linear model.

JEL classification: J23, J63, J64, E24, C33

Palabras clave : Matching function estimation; Employment agency; Colombian labor market; Dynamic linear model..

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