Modelling the Employment Probability of a College Graduate in Colombia

Abstract

There are numerous studies in national academic circles on the probability of being unemployed, in terms of micro-economic characteristics of the individual. However, there are few studies on the likelihood of employability of college graduates depending on the type of college and other variables. It is a fact commonly accepted by economists that education, especially higher education, produces a positive externality on society, reason why the government intervenes with this market failure with a provision of higher education through public universities. However, do public universities allow social mobility? To approach the response, a labor insertion analysis is done according to the type of funding of the University.