Colombia introduced a market-determined Nominal Exchange Rate (NER) with the US Dollar in 1991, after more than 20 years of controlled and multiple exchange rates. The first nine years the NER was set by an exchange rate band system, since 1999 the exchange rate is determined in a dirty float"...

Abstract: We analyze the effect of a parametric reform of the fully-funded pension regime in Colombia on the intensive margin of the labor supply. We take advantage of a threshold defined by law in order to identify the causal effect using a regression discontinuity design. We find that a...

We study competition in two sided markets with common network externality rather than with the standard inter-group e¤ects. This type of externality occurs when both groups bene…t, possibly with di¤erent intensities, from an increase in the size of one group and from a decrease in the size of...

In this paper we analyze the spread of shocks across assets markets in eight Latin-American countries. First, we measure the extent of markets reactions with the Principal Components Analysis. And second, we investigate the volatility of assets markets based in ARCH-GARCH models in function of...

Las causas y los efectos de la asociación sindical han sido ampliamente estudiados por la literatura econonómica; no obstante en el caso colombiano existe un claro sesgo hacia el estudio de los efectos sobre el salario. Este documento presenta un estudio de los determinantes estructurales de la...

La Reforma Laboral de 2002 apuntó a dos objetivos específicos: implementación de mecanismos de protección social flexibilización laboral. En este documento se analizan algunos de sus efectos haciendo énfasis en la variación de las modalidades de contratación, los cambios en las horas de...

We examine the effect on economic growth of mobile cellular phones in sub-Saharan Africa where a marked asymmetry is present between land-line penetration and mobile telecommunications expansion. This study extends previous ones along two important dimensions. First, we allow for the potential...

En este artículo se estudia la posibilidad de introducir seguros de desempleo en Colombia..En una primera parte, se propone una revisión de literatura de los seguros de desempleo en la cual se exponen las ventajas generadas por una cobertura contra este riesgo, así como sus inconvenientes. En...

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...

Un análisis a propósito de dos estudios sobre el impacto del TLC en los precios de los medicamentos en Colombia.