Suchergebnisse

This paper applies newly developed techniques in the estimation of earnings functions to compute private rates of return for education in Chile. Although studies concerning the rate of return for education in Chile are available, the quantile regression method used here permits a conditional breakdown of the wage structure that is of crucial importance in an economy which has experienced important changes in political regimes that have had different impacts on different groups of the population. The results show that: (i) mean and median wage estimation equations are stable.

Economists have examined the impact of labor market regulations on the level of employment. However, there are many reasons to suspect that the impact of regulations differs across types of workers. In this paper we take advantage of the unusually large variance in labor policy in Chile to examine how different labor market regulations affect the distribution of employment and the employment rates across age, gender and skill levels. To this effect, we use a sample of repeated cross-section household surveys spanning the period 1960-1998 and measures of the evolution of job security provisions and minimum wages across time. Our results suggest large distribution effects. We find that employment security provisions and minimum wages reduce the share of youth and unskilled employment as well as their employment rates. We also find large effects on the distribution of employment between women and men.