Notas de Clase sobre el mercado laboral y las políticas de empleo

In this document, we present some theoretical aspects of the labor market, considering the different approaches of the Economic theory to analyze the interactions between workers and firms. Moreover, we make a statistical analysis of the labor market situation in Colombia, emphasizing its main current problems. This analysis includes a simple Logit model to examine the relationship between the probability of being unemployed and different socioeconomic variables. Finally, we present the policies commonly used to reduce the unemployment: supply-side policies, demand-side policies and sectorial policies.