Browsing by Author "Raileanu Szeles, Monica"

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A multilevel analysis of the returns to education in Ecuador. The multifaceted impact of human capital
(Alexandru Ioan Cuza University, 2016) Orellana Bravo, Mercy Raquel; Raileanu Szeles, Monica; Argudo Barrera, Dalia Maritza
This paper analyses the returns to education in Ecuador based on cross-sectional data collected by a National Survey at the individual- and canton-levels in 2005 and 2015. The multilevel analysis provides the methodological framework that allows capturing the regional peculiarities of data as well as addressing the high regional economic heterogeneity. The two level- random intercept and random slope models are used to examine the impact of individual-level and canton-level characteristics on the labour income. In subsidiary, the paper explains the proportion of variance in individual- level income that is explained by canton- level characteristics.
Cohort analysis of labor participation and sectorial composition of employment in Ecuador
(2022) Guzmán Espinoza, Wilson Alejandro
The study assesses the contribution of cohort, age and business cycle effects to the evolution of labor participation rate and sectoral employment in Ecuador from 2000 to 2019. Being characterized by a large amount of informality, as well as by significant economic and institutional changes, Ecuador could provide new insights to the literature. The empirical analysis reveals that both female and male labor participation rate decreases for the younger generations. The life cycle profiles for sectoral employment show that formal employment rate has an inverted U-shaped form. In contrast, younger workers are found to be more likely to participate in the informal salaried sector, while self-employment notably increases with age. A sustained growth in formal employment rate is observed for the new generations, while the opposite occurs for the informal salaried and self-employment. Finally, the results suggest that female labor participation is strongly countercyclical, which correspond to the added worker effect hypothesis.
Cohort Analysis of labor participation and sectorial composition of employment in Ecuador
(2022) Ontaneda Jiménez, Diego Danny; Raileanu Szeles, Monica; Mendieta Muñoz, Luis Rodrigo; Guzmán Espinoza, Wilson Alejandro
The study assesses the contribution of cohort, age and business cycle effects to the evolution of labor participation rate and sectoral employment in Ecuador from 2000 to 2019. Being characterized by a large amount of informality, as well as by significant economic and institutional changes, Ecuador could provide new insights to the literature. The empirical analysis reveals that both female and male labor participation rate decreases for the younger generations. The life cycle profiles for sectoral employment show that formal employment rate has an inverted U-shaped form. In contrast, younger workers are found to be more likely to participate in the informal salaried sector, while self-employment notably increases with age. A sustained growth in formal employment rate is observed for the new generations, while the opposite occurs for the informal salaried and self-employment. Finally, the results suggest that female labor participation is strongly countercyclical, which correspond to the added worker effect hypothesis.
Explaining the regional economic heterogeneity in Ecuador
(2015) Piedra Peña, Juan Andrés; Beltrán Romero, Pablo Aníbal; Raileanu Szeles, Monica ; Mendieta Muñoz, Luis Rodrigo
This paper aims to present the economic heterogeneity of Ecuador’s regions using a descriptive analysis, and also to explain its main causes and implications. In comparison to the European Union, Ecuador exhibits a much higher degree of economic heterogeneity within regions and provinces. We relate this pattern to the dynamics of the economic structure, and we also highlight the progress done by now in enhancing regional convergence in Ecuador. The implications of the regional economic heterogeneity are important for the design of effective governmental policies.