Living with the neighbors: the effect of Venezuelan forced migration on the labor market in Colombia

Journal for Labour Market Research

Table 2 Effects on the labor market

	Hourly wages (logs)	Employment	Unemployment	Informality
Migration effect \((S_d)\)	− 0.004***	− 0.001***	0.001**	0.000
Migration effect \((S_d)\)	(0.001)	(0.000)	(0.000)	(0.000)
P-value wild bootstrap SE	[0.041]	[0.136]	[0.092]	[0.484]
Observations	1,901,208	3,143,611	2,175,205	1,901,208
R2	0.366	0.240	0.055	0.375
Mean Dep. variable		0.615	0.119	0.509
Individual controls	Yes	Yes	Yes	Yes
Department and time FE	Yes	Yes	Yes	Yes
Migration effect \((T_d)\)	− 0.100***	− 0.034***	0.015	0.009
Migration effect \((T_d)\)	(0.016)	(0.004)	(0.007)	(0.011)
P-value wild bootstrap SE	[0.044]	[0.026]	[0.130]	[0.594]
Observations	387,434	673,471	452,691	387,434
R2	0.384	0.239	0.063	0.417
Mean Dep. variable		0.606	0.134	0.597
Individual controls	Yes	Yes	Yes	Yes
Department and time FE	Yes	Yes	Yes	Yes

Robust and clustered standard errors at department level in parentheses and P-values based on wild bootstrap-t standard errors with a 6-point distribution as in Webb (2014) are in square brackets. The observations correspond to the period 2013-2019. The individual controls include characteristics related to the sex of the individual, years of education (linear and squared), the linear and squared age, whether they live in an urban or rural area and marital status. Individual controls also include industry-fixed effect when the sample is restricted to employed individuals. Source: Own elaboration based on the GEIH-DANE
*** Significant at 1%; ** significant at 5%; *significant at 10%.