Employability in the Southern Cone

This document is aimed at discussing the concept of employability, characterizing the level, structure and trends of employment and unemployment in the Southern Cone, and suggesting policy directions to increase decent employment in the region. The paper is focused on the case of Argentina, with illustrations to the rest of the countries in the region: Bolivia, Brazil, Chile, Paraguay and Uruguay. In order to analyze changes in employability in Argentina, the authors estimate a model that captures the relationship between capital accumulation, international trade and the labor market, while to explore employment dynamics, the authors exploit the rotating panel structure of the Argentina¿s household survey.