On June 2000 the Colombian National Department of Statistics (DANE) adopted a new definition to measure unemployment following standards suggested by the International Labour Organisation (ILO). The change of definition implied a reduction of the unemployment rate of about two percentual points....

Working on data of 1241 incumbent firms of the Colombian manufacturing industry this paper tests the hypothesis proposed in models relating turnover and efficiency wage theory. We find evidence of a substantial number of firms paying wages above the industry average and its effect on turn over...

Resumen: Una de las políticas más importantes en el proceso de reformas estructurales en Colombia a principios de la deécada de 1990 fue la reducción de las rigideces en el mercado laboral. Una posición para evaluar los resultados de tales reformas es analizar la relación entre empleo de...

Economic literature about determinants of labor income has evolved around its theoretical and methodological foundations and more sophisticated and accurate empirical estimations emerged. Colombian literature, though prolific, lacks on rigor. In order to exemplify the effects of this inattention...

Individual's decisions regarding their retirement savings have usually been theoretically approached under the hypothesis that the Social Security System works as a substitute to other savings mechanisms. This document presents empirical evidence of the determinants and patterns of savings for...

The economic outcomes of the inception of both recent migrants and IDPs into the labor market of the main 10 urban areas of Colombia are analyzed using information from the Continuous Household Survey (ECH). We adapt the theoretical framework provided by Borjas (1982, 1985, 1987, 1990) to the...

The analysis of the risk dimension of unemployment adds on the study of issues such as its typology (frictional, structural and cyclical), active-search methods and vulnerability to unemployment. On this sense, the incidence rate of unemployment is a composed indicator which combines both the...

Economic literature has focused on both causes and effects of trade union membership; however, most of the studies about trade unions in Colombia have been focused on its effects over wages and inequality. On this document we present an estimation of the structural determinants of trade union...

The 2002 Labor Reform was Ahmed to two specific purposes: implementation of social protection measures and labor law flexibilization. On this document we analyze some of the effects of the Reform, with specific emphasis on the potential changes on labor contract modalities, working hours and...

In order to present an estimation of the Internal Rate of Return (IRR) to higher education in Colombia we take advantage of the methodological approach provided by Heckman, Lochner and Todd (2005). Trying to overcome the criticism that surrounds interpretations of the education coefficient of...