Colombia's metropolitan areas: engines of economic development and crucial sources of employment opportunities

Dustin Tahisin Gómez Rodríguez, Ehyder Mario Barbosa Pérez, Carlos David Martínez Ramírez and Dustin Tahisin Gómez Rodríguez

Revista Multidisciplinaria Voces de América y el Caribe, 2025, vol. 2, 352-369

Abstract: The general objective of this study is to conduct a comprehensive analysis of education returns in the metropolitan areas of Colombia. The aim is to understand the relationship between investment in academic training and the outcomes in terms of income, labor mobility, and professional development of individuals. Additionally, the study seeks to assess the impact of these factors on the competitiveness, innovation, and sustainable development of these urban areas. The methodology employed adopts a quantitative approach. A micro econometric model was implemented using Mincerian equations, utilizing data from the Integrated Household Survey (GEIH) provided by DANE for the period between 2018 and 2022. This analysis focuses on the metropolitan areas of Colombia, with Bogotá as the reference point. As the main conclusion, the data reveal the presence of a gender gap in the metropolitan areas. It is noteworthy that the highest education returns are primarily observed in Bogotá, followed by Medellín and Manizales in the second and third positions, respectively, for both the female and male subsamples. This finding contributes to a deeper understanding of the educational and labor dynamics in these urban areas.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cvp:remuva:remuvac.v2i1.174

DOI: 10.69821/REMUVAC.v2i1.174

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