Labor Market Dynamics for Graduates in Colombia
This paper employs Decision Trees and Naïve Bayes classifiers to provide insights into the determinants of young Colombian graduates’ success when finding a job. We use data from the Recent Graduates Survey 2005-2007 (Observatorio Laboral, 2010), conducted by the Labor Observatory for Education, Ministry of National Education of Colombia. The origin (public or private) of the higher-level institution is the attribute with the highest information gain (the most important) when classifying an individual’s employment situation. In a country like Colombia, where the quality of public education is questionable, this finding is not surprising. The second most important attribute is the year of graduation. As expected, as time from graduation increases so does an individual’s experience and their success in finding employment. Recent graduates (after 2007) tend to have more trouble finding a job.