Chile has experimented with practically every type of industrial policy in the book: from heavy import substitution, public ownership of domestic firms, directed credit, and heavy use of development banking; to a completely free-market approach. After the liberalization and privatization of the...

We adapt the multidimensional poverty methodology to study job quality dynamics using a unique household survey panel for Chile. We use information on wages, type of contract, training and employment duration to build an aggregate job quality index. Panel data allow us to properly separate...

This paper presents evidence of an important decline during recent decades in the pass-through from the price of oil to the general price level. We find that this decline is a generalized fact for a large set of countries. After documenting correlations between the consumer price index and oil...

This paper is devoted to the construction of the panel and econometric use of the first labor panel database to study workplace creation and destruction in Chile. For local interest, the main feature of the paper is that it is the first time that representative and consistent series of creation...

Chileans have limited knowledge of the pension system, its rules and the consequences involved in their personal decisions within it. Using a variation in the household composition- having a pensioner in the household- as an instrument, we show that Chileans with more knowledge about the pension...

Over the last five decades a growing number of governments in developed and developing countries have implemented targeting policies to increase the R&D to GDP ratio. However, until now there have been few attempts either to evaluate the effectiveness of these policy efforts or to identify the...

Using retained profits, instead of realized capital gains, by simply adding them to the shareholders’ other sources of income is shown to be in general incorrect. We provide a methodology to include undistributed profits as part of the income of the top echelons of the distribution.

The Chilean economy is usually highly praised as a successful one since the imposition of neoliberal reforms, under the dictatorship of general Pinochet in 1973. The fact is that the four decades that have elapsed include sub-periods with quite different policy approaches and notably diverse...

This paper shows one important result, namely, that corporate tax systems that allow at least for two sources of investment tax deductions (e.g., accelerated arbitrary investment depreciation and deductibility of part of interest payments on the firm`s debt) can be, under certain plausible...