Using a panel data of innovative Chilean firms, we obtain a private return for R&D expenditure close to 30% during the nineties. Despite the fact of being almost twice the return obtained for physical capital - 17 %, results show that R&D expenditure causes contemporaneous negative impacts over...

The first five years of the flexible exchange rate and inflation targeting regime in Chile have shown positive results. Inflation is under control, the exchange rate has moved with the external conditions, monetary policy has been countercyclical and the cycle has apparently smoothened. Even...

The first five years of the flexible exchange rate and inflation targeting regime in Chile have shown positive results. Inflation is under control, the exchange rate has moved with the external conditions, monetary policy has been countercyclical and the cycle has apparently smoothened. Even...

This paper analyzes exchange rate policies in Chile since the 1960s. A brief overview of main policies is presented. Particular attention is paid to the two episodes of fixed-exchange rate as well as the reasons why policy makers may have arrived to those decisions. The paper also examines the...

This paper develops direct tests for evaluating the performance of two types of emergency employment programs put in place in Chile since 1999. Our results suggest: First, decentralized and “market-driven” programs (subsidies for hiring and training) are more efficient in terms of...

The voucher scheme introduced in Chile in 1981 allows for-profit private subsidized schools to choose their students. This study examines the effects of this practice on the results’ gap between private and public schools and its impact on academic performance. Information from the 2005 SIMCE...

In 1996, the Chilean government approved the extension of the school day, increasing the amount of time that students spend at school by 30%. Using data from the Chilean socio- economic household survey and administrative data from the Ministry of Education for 1990- 2006, we exploit the...

Este trabajo examina la importancia de la ascendencia como elemento de diferenciación social en Chile. Con este propósito, se investiga, primero, el grado de asociación entre la ascendencia y el estrato socioeconómico de los individuos existente en la actualidad, y segundo, la percepción...

Usando datos del módulo de historia laboral de la Encuesta de Protección Social para los años 2002, 2004 y 2006, se construyó un panel mensual para el período 2000-2006. Para modelar las variables que intervienen en la decisión de los individuos de trabajar por cuenta propia consideramos...