Schedule meeting
Use cases

Gap between labor supply and demand: 40,000 first jobs

Between 2015 and 2018, the 40.000 first jobs program created by the National Government operated, which consisted of economic support for companies equivalent to at least 50% of the labor costs derived from hiring young people (18 to 28 years old) for up to one year with little or no work experience.

During the program, there were several vacancies registered in the program that were not filled and several young people enrolled in the program were not hired. For this reason, this study had the objective of studying the gaps between labor demand and supply in the context of the program. This work was carried out within the framework of an impact evaluation project of the program, conducted jointly with Econometría Consultores and SEI Consultores.

Approach

Using text mining and natural language processing, the gaps between labor supply and demand in the context of the program were studied. In particular, the Latent Dirichlet Allocation (LDA) topic model was used. Two text samples were available: job descriptions and resumes. The topic model was trained on the resumes and then applied to the job descriptions to compare the texts representing labor demand and supply in the same vector space. Subsequently, through the composition of the topics and the Euclidean distance between the texts, the gaps between what the young people offered and what the companies demanded from them were identified by qualitatively analyzing each topic.

Results

“ One cannot help having the gut feeling that a real understanding of our universe must somehow involve E_8 [a Lie group comprising a system of 240 vectors in 8–dimensional space] ”
Bertram Kostant
“ Just as the ability to devise simple but evocative models is the signature of the great scientist so overelaboration and overparameterization is often the mark of mediocrity ”
G. Box
“ Thus mathematics may be defined as the subject in which we never know what we are talking about, nor whether what we are saying is true ”
Bertrand Russell
“ In truth mathematics can be called the Pleasure Garden of the myriad forms, the Erudite Ocean of Hundred Schools of Philosophy ”
Xu Guangpi
“ Sometimes attaining the deepest familiarity with a question is our best substitute for actually having the answer ”
B.Greene
“ Since all models are wrong the scientist cannot obtain a “correct” one by excessive elaboration. On the contrary following William of Occam he should seek an economical description of natural phenomena ”
G. Box
“ Applied mathematics is the bridge connecting pure mathematics with science and technology ”
Prager
“ The moment will come when the sun will shine only on a planet of free men, knowing only reason as their master ”
Codorcet
“ Mathematics is like sexual pleasure, orgasm, only lasting longer ”
André Weil
“ I have finished a monument more lasting than bronze and higher than the royal structure of the pyramid ”
Scarf
“ The eternal mystery of the world is its comprehensibility ”
A. Einstein
“ ..ten thousand years from now there can be little doubt that the most significant event of the 19th century will be judged as Maxwell’s discovery of the laws of electrodynamics ”
R. Feynman
“ Truth and Clarity are Complementary ”
Niels Bohr
“ Applied mathematics is not a definable scientifc field but a human attitude ”
Courant
“ Everything should be made as simple as possible, but not simpler ”
A. Einstein
“ The simplicities of natural laws come through the complexities of the language we use for their expression ”
Eugene Wigne
“ It is the glory of science to be of no use…[its true aim]… is to honor of the human spirit ”
Carl Gustav Jacobi
“ Every problem in the calculus of variations has a solution, provided the word solution is suitably understood ”
D. Hilbert
“ We have found that where science has progressed the farthest, the mind has but regained from nature that which the mind has put into nature. We have found a strange foot–print on the shores of the unknown ”
Eddington
“ Reason is, and ought to be the slave of the passions ”
David Hume
Previous
Next

Other projects

In Projects, you can learn about real applications of our services, use cases and examples of them.

Pensiones1

Contractual Design for the Management of FONPET

Energia_electrica

Systemic Risk of Electricity Supply

planes-desarrollo1

Inventory Logistics - Multimodal Transportation

transporte_multimodal1

Integrated Development Plans

estrategia_de_deuda_banner

Ministry of Finance and Public Credit (MHCP) defines a Debt Management Strategy

reportes

Asset Allocation Model in an insurance company