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The Dynamic Market for Short-Cycle Higher Education Programs

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  • Juan Esteban Carranza
  • María Marta Ferreyra
  • Ana Maria Gazmuri

Abstract

We investigate the entry and exit of short-cycle higher education programs (SCPs), which last two or three years and can address local skill needs. Exploiting administrative data from Colombia, we study markets defined by geographic location and field of study. We find that institutions open new programs in response to local labor market demand, competition, and costs. Within markets, they often close and open programs simultaneously, possibly due to capacity constraints. SCPs are more responsive to local labor market demand than bachelor’s programs; private and non-university SCP providers are the most responsive. These findings have implications for workforce development. **** RESUMEN: Investigamos la entrada y salida de programas de educación superior de ciclo corto (SCPs por su acrónimo en inglés), que son los programas de educación técnica y tecnológica que duran dos o tres años y que van dirigidos a cubrir necesidades de los mercados de trabajo locales. Aprovechamos datos administrativos del sistema colombiano de educación superior, enfocándonos en mercados definidos por su localización geográfica y por su campo de estudio. Encontramos que las instituciones introducen programas nuevos en respuesta a la demanda del mercado local de trabajo, a la competencia y a sus costos. Observamos que las instituciones con frecuencia abren y cierran programas de forma simultánea en el mismo mercado, debido posiblemente a restricciones de capacidad. La oferta de estos programas es más sensible a la demanda local de trabajo que la oferta de programas profesionales, en particular en el caso de las instituciones privadas. Los resultados tienen implicaciones para las políticas de desarrollo de la fuerza de trabajo.

Suggested Citation

  • Juan Esteban Carranza & María Marta Ferreyra & Ana Maria Gazmuri, 2023. "The Dynamic Market for Short-Cycle Higher Education Programs," Borradores de Economia 1265, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:1265
    DOI: 10.32468/be.1265
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    More about this item

    Keywords

    higher education; supply; short-cycle programs; educación superior; oferta; programas de ciclo corto;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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