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Economic growth, labour flexibilization and employment quality in Colombia, 2002–11
Author(s) -
FARNÉ Stefano,
VERGARA Carlos Andrés
Publication year - 2015
Publication title -
international labour review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.433
H-Index - 46
eISSN - 1564-913X
pISSN - 0020-7780
DOI - 10.1111/j.1564-913x.2015.00241.x
Subject(s) - underemployment , labour economics , economics , earnings , productivity , quality (philosophy) , investment (military) , index (typography) , unemployment , economic growth , finance , political science , philosophy , epistemology , politics , world wide web , computer science , law
Over the period 2002–11, the Colombian labour market saw a marked improvement in employment opportunities, accompanied by an increase in nonstandard forms of employment. The authors look at how this affected employment quality, using a composite index based on Categorical Principal Components Analysis (CATPCA). They observe a small but widespread improvement in employment quality – mainly for self‐employed women – brought about by higher earnings, increased social protection and less time‐related underemployment. However, a considerable “quality deficit” remains, which calls for policies to strengthen labour market institutions and stimulate productivity and investment.