Descriptive analysis of the vacancy database

Given the high cost of collecting labour demand for skills information through surveys, the composition and dynamics of Colombian labour demand are relatively unknown. However, information regarding unmet labour demand can be collected from job portals with the implementation of relatively novel data mining techniques. This paper provides a descriptive analysis to start evaluating the […]

Information problem in labour market and big data: colombian case

This working paper discusses the concepts and theoretical framework to analyse the labour market, based on the information found on online job portals. Based on a model with imperfect information (which seems more appropriate to describe Colombian labour market outcomes), the first section explains how skill mismatches can arise and their consequences for informality and […]

Internal and external validity of the vacancy database

This paper provides an evaluation of the internal and external consistency of the vacancy information. The consistency of the variables within the vacancy database or internal validity shows that the contradictory or inconsistent results that occurred in the Colombian vacancy database were minor, and the magnitude of these measurement errors are insufficient to bias the […]

Possible uses of labour demand and supply information to reduce skill mismatches

Unemployment and informality are widespread phenomena in the Colombian economy that affect people with different profiles. This working paper discusses how the vacancy database can be used to build a detection system of skill shortages. Also, it elaborates on, for the first time in Colombia, a set of macro indicators within the vacancy database’s labour […]