Blog Banrep: The Role of SENA and the Technical and Technological Education Sector in the Adjustment of Supply and Demand of Skills in the Colombian Labor Market
This post addresses two recent studies on the significance of educational institutions in developing key skills to bring labor supply and demand closer together.
Publication Date
08:10
The mismatch between the skills of workers and the needs of companies is a problem that affects the efficiency of labor markets in developing countries. The vocational education sector as well as technical and technological education and skills certification are mechanisms for adjusting this imbalance. Two recent research papers published in Banco de la República's (the Central Bank of Colombia, Banrep) Borradores de Economía series shed light on its functioning.
