Despite the remarkable improvement of female labor market characteristics, a sizeable gender wage gap exists in Colombia. We employ quantile regression techniques to examine the degree to which current small differences in the distribution of observable characteristics can explain the gender...

Despite the remarkable improvement of female labor market characteristics, a sizeablegender wage gap exists in Colombia. We employ quantile regression techniques to examine the degree to which current small differences in the distribution of observablecharacteristics can explain the gender gap....

Despite the remarkable improvement of female labor market characteristics, a sizeable gender wage gap exists in Colombia. We employ quantile regression techniques to examine the degree to which current small differences in the distribution of observable characteristics can explain the gender...

We characterize entrepreneurship in developing economies through a case study for Colombia. We document self-employment and business ownership since the 1980s; while the relative size of these groups within the labor force is stable across time, they differ significantly in important observable...

En el caso del transporte aéreo de pasajeros en Colombia, existe una preocupación acerca de larelación entre competencia, concentración de la industria y precios de los tiquetes aéreos. Dadaslas características del mercado (bajo número de firmas, operación históricamente...

This paper aims to evidence how relatively marginal changes in the Panel Study of Income Dynamics survey, particularly on the measurement of returns to entrepreneurship - both financial and human capital - can yield sizeable benefits for research and policy on entrepreneurship. Accurate...

We assess the consequences of substantially increasing the marginal tax rate on U.S. top earners using a human capital model. The top of the model Laffer curve occurs at a 53 percent top tax rate. Tax revenues and the tax rate at the top of the Laffer curve are smaller compared to an otherwise...

Este trabajo presenta evidencia según la cual la crisis reciente del sector hipotecario en Colombia fue consecuencia del incremento en la relación entre el saldo de los créditos y el valor de las garantías (LTV o loan-to-value ratio) que aumentó la vulnerabilidad de los hogares al ciclo...

The life-cycle patterns of consumption, wage and hours inequality observed in U.S. cross-section data are commonly viewed as incompatible with a Pareto efficient allocation. We determine the extent to which these qualitative and quantitative patterns can or cannot be produced by Pareto efficient...

A standard decomposition suggests the role of oil supply (understood as the current physical availability of crude) has been small.