En Colombia la profundizacion financiera es baja. En este contexto, en los ultimos anos se han desarrollado diferentes esfuerzos tanto por parte de los gobiernos y el sector privado para fomentar el despegue de modelos que permitan un mayor acceso a los servicios financieros. Estos esquemas de...

Colombia has a low level of financial depth. Efforts have been made by governments and the private sector in recent years to encourage the development of models which might provide enhanced access to financial services. These financial inclusion plans are based on creating access channels that...

Low contribution levels to pension schemes in Latin America are an enormous obstacle limiting the implementation of a broad-based social security system. Contribution rates measured as a ratio of contributors to the total labour force stand at an average of 40%, or 60% in the best of cases....

This paper surveys gender wage gaps in Colombia from 1994 to 2006, using matching comparisons to examine the extent to which individuals with similar human capital characteristics earn different wages. Three sub-periods are considered: 1994-1998; 2000- 2001; and 2002- 2006. The gaps dropped from the...

This paper surveys gender wage gaps in Colombia from 1994 to 2006, using matching comparisons to examine the extent to which individuals with similar human capital characteristics earn different wages. Three sub-periods are considered: 1994-1998; 2000- 2001; and 2002- 2006. The gaps dropped from the...

In the first half of the nineties, Colombian labor legislation faced profound transformations. Initially, the reforms seemed to produce positive effects as unemployment fell continuously, to below 8% in 1994. However, since 1995, unemployment has increased steadily, reaching in the last quarters...

This paper analyzes the effect of the number and age structure of children on women's wages in Colombia. On average, mothers earn 17.6% less than non-mothers. Because not all women participate in the labor market, sample selection is a potential issue and is therefore corrected. After...

This study is a theoretical exercise for Colombia that aims to simulate a variety of scenarios under a hypothetical scheme similar to the multi-funds currently in operation in Chile, Mexico and Peru. This has been done by modeling the future movement of asset prices that are considered to be...