Efectos del mercado laboral sobre el sector financiero en la OCDE

• Guillermo Peña Blasco ^[1]
  1. [1] Universidad de Zaragoza

     Universidad de Zaragoza

     Zaragoza, España

     
• Localización: Acciones e investigaciones sociales, ISSN 1132-192X, Nº 39, 2018, págs. 255-276
• Idioma: español
• DOI: 10.26754/ojs_ais/ais.2019393240
• Títulos paralelos:
  • Effects of the labour market on the financial sector at the OECD
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    Introducción: este trabajo estudia el impacto del desempleo sobre el desarrollo financiero a través de una relación no lineal. La literatura ha estudiado el tema del impacto del desarrollo financiero en la tasa de desempleo, pero en cambio el análisis de los efectos del desempleo en el desarrollo financiero casi no ha sido estudiado.

    Material y métodos: utilizamos un panel no balanceado con los 35 países miembros de la OCDE de 1996 a 2014, realizando un análisis descriptivo y estimando modelos econométricos dinámicos de datos de panel a través de los métodos GMM System y en diferencias.

    Resultados: observamos un impacto significativo y negativo del desempleo sobre los costes bancarios, a través de una relación no lineal de proporcionalidad inversa.

    Discusión: las estimaciones corroboran la relación no lineal que ha sido observada en el análisis descriptivo. Una reforma del sector financiero que desvinculara los efectos del desempleo sobre el desarrollo financiero permitiría reducir los efectos no deseables de los vínculos entre economía real y financiera.

  • English

    Introduction: this paper analyzes the impact of unemployment on financial development through a non-linear relationship. Some papers have analyzed the impact of financial development on unemployment, but only a few papers have studied the inverse effect, namely the impact of unemployment on financial development.

    Material and methods: a non-balanced panel is used, covering all the 34 members of the OECD from 1996 to 2014, and a descriptive analysis performed. Econometric models for dynamic panel data are subsequently estimated using System GMM and Difference GMM methods.

    Results: a significant negative impact of unemployment on banking costs through a non-linear relationship of inverse proportionality is found.

    Discussion: the non-linear relationship revealed by a descriptive analysis is corroborated by these estimations. A reform of the financial sector delinking the effects of unemployment from the financial sector would avoid the undesirable effects of the links between the financial economy and the real economy.

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