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...

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'...

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...

Los resultados de la inserción económica de migrantes recientes y de desplazados forzados en el mercado laboral de las 10 principales ciudades de Colombia se analizan utilizando datos de la Encuesta Continua de Hogares. Adaptamos el marco teórico de selección del migrante internacional de...

The purpose of this document is to present a survey of the main theoretical frameworks that deal with the subject of labour discrimination, along with a pedagogical description of the different . A particular chapter is devoted to present the consequences of discrimination for youth of some...

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...

Despite of important theoretical and practical criticism, estimations of the Natural Rate of Unemployment for Colombia have been suggested as a base for possible active labor market decitions. This document contributes to this discussion with surveys on the subject in two different but...

We study the separation of ownership and control for an average of 140 listed non-financial Corporations in Colombia during the 1996-2002 period. Breaking the sample according to their listing status and economic activity, voting rights are greater than cash flow rights because of the presence...