No. 22 (2014) , Artículos
No. 22 (2014) | Artículos | Published 2014-01-01

Relationship between Parafiscal Contributions and Labor Demand in the Manufacturing Sector in Colombia (2001-2010)

https://doi.org/10.19052/ed.3249
Héctor Fabio Ríos Hernández
Universidad de La Salle, Bogotá
Jorge Mario Salcedo Mayorga
Universidad de La Salle, Bogotá
Marco Fidel Amado García
Universidad de La Salle, Bogotá

Abstract

This research aims to analyze the behavior of labor demand in the manufacturing sector, in relation to parafiscal contributions and labor costs in the period between 2001 and 2010. To meet this objective, output and labor cost elasticity of employment are calculated for skilled and unskilled workers, through panel data fixed effects methodology, using the Annual Manufacturing Survey the correction of errors was performed by feasible generalized least squares (FGLS) and panel-corrected standard errors (PCSE) method.
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Keywords

Labor demand
elasticity
panel data models
industry