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...

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...

La decisión de los individuos acerca del ahorro para el retiro ha sido abordada teóricamente bajo la hipótesis de que el sistema de seguridad social se comporta como un sustituto de otros mecanismos de ahorro. Este documento presenta evidencia de los determinantes y patrones de ahorro para el...

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...

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...

This article scrutinizes the creation, modalities and incidence of work contracts in the Colombian labor market. From its historical point of view I present the introduction of these contracts and their progressive evolution through time until the current labor legislation. Afterwards the...

In June 2000 Colombia adopted a new definition of unemployment following the standards of the International Labour Organisation (ILO). This change implied a reduction of the unemployment rate of about two (percentage) points. In this paper we contrast the Colombian case with other countries'...