Through flows from 3 states, employment, unemployment and out of the labor force, we analyze the dynamics of labor markets in Chile from 1962-2007. We identify some periods of different labor market regimes and relate them with changes in flexibility. We found that reforms such as that of 1967,...

In the period 2000 - 2006, municipal or public schools reduced its enrollment in 186,000 students (13%) in Chile. Meanwhile, privately subsidized schools, receiving the same type of funding, increased their enrollment in 386,000 students (38%). In this paper we distinguish demand factors,...

English Abstract: The positive impact that competition has on performance in most industries has been questioned in the education sector. The difficulty to measure competition, the idea that parents don't rationally choose schools for their children, and that schools do not react to that choice...

We propose a model to estimate the private benefits of control (PBC) in control transfer transactions for a broad range of regulatory environments, from private negotiations to mandatory tender offers. Barclay and Holderness (1989) and Dyck and Zingales (2004) Block Premium models are nested as...

This paper presents a systematic empirical characterization of income distribution in Chile. Such characterization helps us to understand the apparent paradox regarding the coexistence of a successful economic performance and persistently high inequality in income distribution and to assess the...

One of the pillars of the educational voucher system is that competition between schools to attract students would improve the quality of the education provided. Surveys in Chile have suggested that parents are not aware of the performance of their children's schools. In this paper, we assess...