Effects of Labor Market Reforms: ¿More Work and Fewer Jobs? [Efectos de la reforma laboral: ¿más trabajo y menos empleos?]

The Colombian 2002 labor reform was aimed at two specific purposes: implementation of social protection measures and labor law flexibilization. On this document we analyze some of the effects of the reform, with specific emphasis on the potential changes on labor contract modalities, working hours and unemployment duration. From our analysis we conclude that the reform had an intensive effect (higher demand of working hours) yet it only had a marginal extensive effect over employment. It reduced unemployment duration as well.

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