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 analyzes over-education in Colombia, using the data of individuals and companies, compiled by the National Apprenticeship Service (SENA) in 2006. It finds that there is a 14% likelihood of being over-educated and that this depends on the mobility between different areas of...

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...