This paper presents a novel monthly dataset of job vacancies in Bogota between 1960 and 2010. The dataset was constructed by counting the number of help-wanted announcements published in the most important newspaper with national circulation—namely, El Tiempo. We describe the methodology used...

Based on the counting of Help-wanted advertisements in print newspapers, we present national vacancy indexes and vacancy rates for Colombia. These series will allow tackling a myriad of questions related to the functioning of the labor markets in emerging economies, where such datasets were not...

La evidencia empírica para Colombia muestra relaciones tanto positivas como negativas entre el crecimiento del producto y empleo, a diferencia de lo encontrado en economías desarrolladas como la de los Estados Unidos. El presente trabajo usa modelos VAR y de Equilibrio General Dinámico y...

In a dynamic, stochastic, general equilibrium model,we explore the optimal response of the inhabitans of a closed economy to an inefficient ad hoc financial system that in its intermediation duty looses a fraction of aggregate savings which otherwise would become aggregate investment. The...

In this paper, we propose an alternative methodology to determine the existence of credit booms, which is a complex and crucial issue for policymakers. In particular, we exploit the Mendoza and Terrones (2008)’s idea that macroeconomic aggregates other than the credit growth rate contain...

Este documento analiza las características y dinámicas de los flujos de empleo en el sector manufacturero colombiano, durante el periodo 1994-2009. El estudio realiza una caracterización desagregada de la creación, destrucción, crecimiento neto y reasignación del empleo a nivel de grupos...

We estimate the effect on hourly wages and hours of work, of an increase in the number of hours of work, defined by law as daytime hours of work. To identify the parameter of interest, we estimate difference in difference models. Although we do not know the working hour schedule; we exploit the...

We assess the effects of the Colombian Unemployment Subsidy (US) program on future labor participation, unemployment, formality, school attendance and earnings of its beneficiaries, on household earnings and school attendance of the household members, and on weight and height of their children...

En este trabajo se estima una tasa natural de desempleo para Colombia en el período 1984-2006. Siguiendo el modelo de negociación de salarios de Blanchard (1991), se emplea un filtro de Kalman, para estimar un sistema de ecuaciones para la tasa natural de desempleo, el desajuste del mercado...

Este artículo presenta una revisión sumaria de la literatura sobre los efectos del salario mínimo, tanto en Estados Unidos como en Colombia, y de las experiencias colombiana e internacional en lo referente a instituciones y prácticas de fijación del salario mínimo. El repaso de las...