Economics at your fingertips  

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

José Ignacio García (), Carlos Humberto Ortiz Quevedo () and Juan Correa Fonnegra ()

Lecturas de Economía, 2006, issue 64, 59-90

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.

Keywords: Labor supply; human capital; Job seeking (search for similar items in EconPapers)
JEL-codes: J22 J23 J24 J64 (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().

Page updated 2020-11-07
Handle: RePEc:lde:journl:y:2006:i:64:p:59-90