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¿Cómo deciden los individuos en el mercado laboral? Modelos y estimaciones para Colombia

Author

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  • José Ignacio Uribe García

    ()

  • Carlos Humberto Ortiz Quevedo

    ()

  • Juan Byron Correa Fonnegra

    ()

Abstract

Neoclassical models of choice are estimated for the Colombian labor market. In a first approach, it is assumed that labor market choices are sequential: first, agents decide wheter they pay participate or not; if they do, they choose to be employed or continue to search; if they decide to be employed, job quality is determined: formal or informal. Subsequently, estimations are made as if labor decisions were simultaneous. There is evidence that shows that the latter seems to be more adequate for the Colombian labor market. Education is estimated as the more important labor characteristic for improving social welfare.

Suggested Citation

  • José Ignacio Uribe García & Carlos Humberto Ortiz Quevedo & Juan Byron Correa Fonnegra, 2006. "¿Cómo deciden los individuos en el mercado laboral? Modelos y estimaciones para Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 64, pages 59-90, Enero-Jun.
  • Handle: RePEc:lde:journl:y:2006:i:64:p:59-90
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    Citations

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    Cited by:

    1. Jhon James Mora & Juan Muro, 2014. "Informality and minimum wages by cohort in Colombia," REVISTA CUADERNOS DE ECONOMÍA, UN - RCE - CID, August.
    2. Jhon James Mora & Juan Muro, 2012. "Persistence of informality in a developing country," BORRADORES DE ECONOMÍA Y FINANZAS 009593, UNIVERSIDAD ICESI.

    More about this item

    Keywords

    Labor supply; human capital; Job seeking;

    JEL classification:

    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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