Labor market supply and demand analysis in the Colombian Caribbean Coast

Keep in mind

The series Documentos de trabajo sobre economía regional y urbana (only in Spanish, Working Papers on Regional and Urban Economics) is a publication of Banco de la República in Cartagena. The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.

AUTHOR OR EDITOR
Andrea Sofía Otero-Cortés
Alexander Villegas Mendoza
Oriana Álvarez Vos
Karina Acosta

The series Documentos de Trabajo Sobre Economía Regional y Urbana is a publication of Banco de la República in Cartagena. The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.

Publication Date:
Tuesday, 15 August 2023

Abstract

Local labor markets in Colombia are exceptionally heterogeneous. In particular, the cities of the Caribbean region have higher labor informality and lower unemployment rates, compared to the rest of the country. This work is part of a research agenda on local labor markets in Colombia, based on a purely descriptive approach that delves into the characteristics of labor supply and demand and its imbalance. Particularly, this study identifies potential factors that differentiate labor indicators in the Caribbean region from other cities.