Echoes of the Crises in Spain and US in the Colombian Labor Market: A Differences-In-Differences Approach

Borradores de Economia
Number: 
827
Published: 
Classification JEL: 
C21, J21, J22
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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This paper presents evidence of the effect of the recent phases of the business cycle in Spain and United States, proxied by their respective unemployment rates, on the labor market of Colombian cities with high migration tradition. These countries are th