Análisis de la heterogeneidad del subempleo en América Latina

Abstract

Abstract: This study analyzes the factors that explain underemployment in Latin America between 2010 and 2019 for ten countries in the region. An underemployment variable is constructed based on microdata published by each of the national statistical institutes of each country under study and its relationship with structural, institutional, and macroeconomic variables is examined using an econometric model estimated using Feasible Generalized Least Squares (FGLS). The results show that human capital significantly reduces underemployment, while inflation and institutionalized democracy have positive effects. Furthermore, gender gaps and constraints associated with the productive structure are identified. The study concludes that underemployment is a complex phenomenon that requires comprehensive policies aimed at improving the quality of employment in the region.