Using the decomposition procedure propossed by Oaxaca (1973) applied to data extracted from the National Household Survey (1984 – 1999), this document presents a new estimation of wage discrimination by gender. An male-possitive wage differential is detected which is not explained by...

Este trabajo analiza, estática y dinámicamente, los cambios en las condiciones de vida de los hogares en Colombia entre los años 1997 y 2003. Se propone un indicador alternativo y se contrasta a nivel nacional, regional y de centro poblacional con el Índice de Calidad de Vida (ICV)...

The composed index of Standard of Living have the advantage of sort its components by the population's variance. This paper shows the importance of separate the análisis national from the regional one, in order to avoid bias and mistakes in value judges when we want to design social pocily...

El presente documento analiza la noción de seguridad y estabilidad jurídica para la inversión extranjera a partir de la Ley de Seguridad Jurídica sancionada por el Senado de Colombia en julio del presente año. En la primera parte se hace un recuento de la inversión extranjera desde una...

En este documento empleamos el filtro de Butterworth para analizar laproducción industrial total y por ramas de actividad mediante la extracciónde señales en las frecuencias bajas y altas. En las frecuencias bajas latendencia de la producción al interior del sector exhibe una dinámica...

In general, empirical studies on economics rely on the assumption of constant capitalshare of income both at the aggregate level and at the sector level. However, there is noempirical evidence supporting the constancy of capital share at the sector level. In thispaper, using Colombian data, we...

Loans are illiquid assets that can be sold in a secondary market even that buyershave no certainty about their quality. I study a model in which a lender has accessto new investment opportunities when all her assets are illiquid. To raise funds, thelender may either borrow using her assets as...

In this paper I evaluate the impact of the 2001 decentralization reform in Colombia. I use data from Colombia's municipalities. I look at the effect of the 2001 reform on enrolment in pre-college schools. While all municipalities received earnmarked national transfers, withthe reform some of...

This paper considers an overlapping generations model in which capitalinvestment is financed in a credit market with adverse selection. Lenders´inability to commit ex-ante not to bailout ex-post, together with a wealthyposition of entrepreneurs gives rise to the soft budget constraint...

We asess evolution in perfomance, efficiency and productivity of Colombia's power distribution utilitiesbefore and after the 1994 regulatory reform that introduced electricity market activities for the power sector in 12 distribution companies from 1985 to 2001. Perfomance is evaluated...