The daily grind: Cash needs and labor supply

The majority of people in developing countries are self-employed and can therefore set their own work hours. How do self-employed individuals motivate themselves to work hard day after day? We document four facts about the labor supply of Kenyan bicycle-taxi drivers: (1) drivers work more on days with higher cash needs; and (2) the quitting […]

The gradient allocation principle based on the higher moment risk measure

According to the gradient allocation principle based on a positively homogeneous and subadditive risk measure, the capital allocated to a sub-portfolio is the Gâteaux derivative, assuming it exists, of the underlying risk measure at the overall portfolio in the direction of the sub-portfolio. We consider the capital allocation problem based on the higher moment risk […]

Determinantes de la informalidad laboral en las 23 ciudades del país, 2015-2021

Existen diferentes definiciones de informalidad, algunas desde la teoría económica, otras desde la visión laboral, e, incluso, desde la perspectiva jurídica o legal. Sin embargo, todas tiene en común en que se trata de una situación irregular de algunos empleos generados en la economía que no cumplen con las regulaciones establecidas por la ley. Esa […]

Comparing long-term educational effects of two early childhoodhealth interventions

We compare the educational effects of two medical protocols that mitigate long-term conse-quences of prematurity or low birth weight. The two protocols are Traditional Care (TC), whichuses incubators, and Kangaroo Mother Care (KMC) which replaces incubators for 24-hour skin-to-skin contact between newborns and caregivers. We concentrate on educational outcomesaddressing contradictory results in previous contributions. We […]

A Web-Based Approach to Measure Skill Mismatches and Skills Profiles for a Developing Country: The Case of Colombia

Several interdisciplinary studies highlight imperfect information as a possible explanation of skill mismatches, which in turn has implications for unemployment and informality rates. Despite information failures and their consequences, countries like Colombia (where informality and unemployment rates are high) lack a proper labour market information system to identify skill mismatches and employer skill requirements. One […]

El subempleo en Colombia y sus desagregaciones: principales características socioeconómicas asociadas al trabajo de baja calidad

El subempleo es una de las principales condiciones que enmarcan el trabajo de baja calidad o la insatisfacción de los trabajadores con sus condiciones laborales. En Colombia el subempleo ha tenido una histórica alta prevalencia que se complementa con otro problema laboral fundamental para el país, la informalidad. En este artículo se estudian las principales […]