In Mexico, wages have stagnated and profits have increased since 1980. This paper analyzes the causes of this performance both at an aggregate and sectorial level. Although in theory trade liberalization should have led to increased wages and a reduction of profits, an unlimited supply of labor...

This article shows that the Mincer equations, augmented with variables of firm size and corrected by selectivity bias, yield results that are consistent with the theories of human capital and labor segmentation. Greater firm endowments of human capital and physical capital are related to greater...

This document presents a number of theoretical and practical arguments to explain how constitutional jurisprudence (rulings on the constitutionality of laws and on the “acción de tutela”) has become a factor affecting the flexibility of labor legislation in Colombia. Two examples are...

An important challenge in monetary economics is the development of an endogenous theory of money, which introduces money in a natural way and not as an external imposition. This paper reviews different approaches that have been used in monetary economic literature, and argues that overlapping...

Colombia adopted a health care system with regulated competition in the interaction of several markets: insurance, medical services, hospitalization and drugs. In this regulatory scheme, a collegiate body and two central dependencies of the executive branch intervene. Overall, the regulation...