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 […]

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 […]