Colombia


  • 20-January-2016

    English

    OECD Reviews of Labour Market and Social Policies: Colombia 2016

    Colombia has made major economic and social advances in recent years. The combination of strong economic growth and policies targeted at the most vulnerable groups improved considerably the living standards of the Colombian population. Today, the country enjoys higher employment and labour force participation rates than the average of OECD countries and unemployment is steadily declining. Nevertheless, despite these positive trends, deep structural problems remain. Labour informality is widespread, the rate of self-employment is high and many employees have non-regular contracts. Income inequality is higher than in any OECD country and redistribution through taxes and benefits is almost negligible. In addition, half a century of internal conflict and violence has displaced a significant part of the population, and many of them are living in extreme poverty. Despite considerable progress, violence continues to be a challenge and also affects trade union members and leaders. The Colombian Government has undertaken important reforms in recent years to address these labour market and social challenges, and the efforts are gradually paying off. However, further progress is needed to enhance the quality of jobs and well-being for all. The main trust of this report is to support the Colombian Government in tackling labour market duality, generate trust between the social partners, develop inclusive and active social policies, and get the most out of international migration.

  • 29-May-2015

    English

    Reforming the pension system to increase coverage and equity in Colombia

    Colombia is one of the most unequal countries in Latin America. The high level of informality in the labour market and many characteristics of the pension system leave many elderly in poverty. Only formal-sector employees earning more than the relatively high minimum wage are covered.

  • 19-January-2015

    English

    Colombia: An in-depth reform of the pension system would reduce old-age poverty and inequality

    Around two thirds of the elderly don’t have a pension and the benefit of the minimum old-age income support is below the national poverty line. An in-depth reform of the pension system would reduce old-age poverty and inequality.

    Related Documents
  • 3-April-2013

    English

    Income inequality and poverty in Colombia. Part 2. The redistributive impact of taxes and transfers

    Income inequality in Colombia has declined since the early 2000s but remains very high by international standards. While most of the inequality originates from the labour market, wealth – and thus capital income – is also highly concentrated and the tax and transfer system has little redistributive impact.

  • 3-April-2013

    English

    Income inequality and poverty in Colombia. Part 1. The role of the labour market

    Income inequality in Colombia has declined since the early 2000s but remains very high by international standards. Income dispersion largely originates from the labour market, which is characterised by a still high unemployment rate, a pervasive informal sector and a wide wage dispersion reflecting a large education premium for those with higher education.