Colombia's unemployment rate rose to 20% during the late 1990s from less than 8% in 1994. This paper argues that this has been the result of high non-wage labor costs embodied in the legislation. The estimated own-wage labor demand elasticity is around 0.5, which implies that a reduction in...

Este estudio, desagrega la tasa observada de desempleo en Colombia (19.5%) en sus componente natural (11.5%, de los cuales 6.5% se deben a factores estructurales y 5% al llamado desempleo friccional), y cíclico (8%), y analiza la duración del desempleo. Teniendo en cuenta que la tasa natural...

Across the world, the SARS-CoV-2 (COVID-19) pandemic has disproportionately affected economically disadvantaged groups. This differential impact has numerous possible explanations, each with significantly different policy implications. We examine, for the first time in a low- or middle-income...

This study identifies the main problems that Colombia faces and the medium and long term policies that it should follows in order to become a developed country. We concentrate on five relevant elements of development: Education, health and demography, poverty and income distribution, labor...

This article evaluates the effects of maternal vs. alternative care providers' time inputs on children's cognitive development using the sample of single mothers in the National Longitudinal Survey of Youth. To deal with the selection problem created by unobserved heterogeneity of mothers and...

En este documento se presentan los principales resultados de la evaluación de impacto del programa Hogares Comunitarios de Bienestar del ICBF. Durante el año 2007 el equipo de la Universidad de los Andes y PROFAMILIA recolectó información sobre 28,000 niños entre participantes y potenciales...

Colombia's unemployment rate rose to 20% during the late 1990s from less than 8% in 1994. This paper argues that this has been the result of high non-wage labor costs embodied in the legislation. The estimated own-wage labor demand elasticity is around 0.5, which implies that a reduction in...

Este estudio reporta estimaciones de una función de reacción de política monetaria para Colombia durante el período 1991 a 1999. Los resultados indican que durante este período el Banco Central adoptó una regla implícita cuyo objetivo era la tasa de inflación. La evidencia también...