This paper discuses the effect of the minimum wage on the decision to join the informal job sector. We estimated a pseudo panel of the engagement in the informal sector using an IV-probit. The findings show that an increase in the minimum wage leads to a substitution effect between young and...

Critical thinking and writing skills are necessary competencies for effective communication, problem resolution, and analysis in economics. Although there are several different approaches to evaluate critical thinking and writing skills, rubrics is an evaluation tool which provides more...

This paper analyzes the quality of jobs in Colombia in 2009. The results shows progress with the quality of jobs in Colombia, but the level is not enough to secure employment of quality. We also, test endogeneity of education and propose a way to correct endogeneity and obtain consistent and...

Spanish Abstract: Este artículo analiza empíricamente los determinantes de las decisiones sobre innovación de las firmas manufactureras colombianas. En particular, estudia la posibilidad de que exista algún grado de dependencia entre la innovación en productos y en procesos. Estima un...

Spanish Abstract: Este artículo analiza los principales factores microeconométricos correlacionados con la demanda de educación universitaria en Colombia con datos de las encuestas de hogares del DANE, mediante la estimación robusta de modelos de elección discreta. Entre los resultados más...

In the presence of selection bias, traditional estimators of pseudo panel data are inconsistent. In this paper, the authors derive the conditions under which consistence is achieved in pseudo-panel estimation and propose a simple test of selection bias. Specifically, they propose a Wald test for...

Informality is a common phenomenon in developing countries and an unusual one in industrialized countries. The persistence of informal employment is indicative of the impossibility of moving out of this status for a certain period of time. Using pseudo panel data, empirical evidence is presented...

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 provides a review of intra-industry trade between the United States and Colombia from 1995 to 2005, based on data from the BACI (Base pour l'Analyse du Commerce International or Database for International Trade Analysis). During this period of time, intra-industry trade accounted for...

This paper analyze of the quality of employment in the major cities of Colombia in 2009. The results show that, although the quality of employment has improved versus 2001, it still continues to be below the necessary level for having quality employment. It also demonstrates the endogenous...