The purpose of this paper is to provide a review of economic literature regarding theories that analyze the demand for higher education from a microeconomic perspective. Some of the noteworthy fundamental theories included in this review include Becker's (1983) theory of human capital and some...

This paper provides a review of intra-industry trade between the United States and Colombia from 1995 to 2005, based on data from the BACI (Base pour l'Analyse du Commerce International or Database for International Trade Analysis). During this period of time, intra-industry trade accounted for...

This paper analyze of the quality of employment in the major cities of Colombia in 2009. The results show that, although the quality of employment has improved versus 2001, it still continues to be below the necessary level for having quality employment. It also demonstrates the endogenous...

This article analyzes the consumption of culture in Cali (Colombia), by estimating the income elasticity of cultural demand. The results correspond exclusively to a group of cultural goods and services, unlike previous contributions where calculations have been made for education and culture...

This article discusses regional labor segmentation using stochastic Markov chains. We present a formal model and derive preliminary results using the evolution of wages in Colombian urban areas. The results show that there was regional labor market segmentation in wages for university graduates...

This article aims to analyze the effect of minimum wage levels on the decision to join the informal job sector. We estimated a pseudo panel model of engagement in the informal sector using an IV-probit. Our results show that an increased wage gap — the relative difference between observed and...