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...

Public day care centers in Chile have increased in 240% between 2005 and 2007. This paper uses this huge increase in public day care supply for infants of poor families to analyze its impact on Female Labor Force Participation. The magnitude of the expansion is used as a quasi-natural...

In this paper we evaluate the introduction of monetary incentives for teachers, based on a school performance tournament in Chile. We evaluate the tournament effect, i.e. the effect of introducing the incentive scheme on all participant schools: winners and losers. We also evaluate the effect of...

Using a large dataset of countries during the last forty years, this paper analyzes the main determinants of export diversification. We explore the role of several factors and we use three different indicators of export diversification. We find robust evidence across specifications and...

Based on the methodology developed by Bourguignon, Melendez and Ferreira (2005) we explore the extent to which income inequality in Chile is associated with inequality of observed exogenous circumstances of origin, which shape individuals “opportunities” to pursue their chosen life plans. We...

En los últimos años la economía chilena ha experimentado una multiplicidad de shocks de costos, los cuales han sido más persistentes de lo que se pensaba cuando se iniciaron y han llevado a la tasa de inflación a niveles muy superiores a la meta establecida por el Banco Central. En este...

El éxito chileno de los últimos 25 años se ha basado en su crecimiento exportador. No obstante, hay signos que ese crecimiento basado en la extracción de naturales está llegando a rendimientos decrecientes. Este trabajo consulta ¿de donde vendrán los impulsos para un renovado esfuerzo...

This study measures the contribution of inequality of opportunities on the educational attainment of Chilean students, captured through the SIMCE test scores. For this, it employs a recently introduced methodology that quantifies the effect of exogenous and endogenous factors on socioeconomic...

We address a general equilibrium model with limited-recourse collateralized loans. Borrowers are burden to constitute physical collateral guarantees, which are repossessed in case of default and delivered to the associated lenders. In addition, lenders may receive payments over collateral...

We develop a two period general equilibrium model with incomplete financial markets and differential information. Making endogenous the traditional informational restriction on consumption, we allow agents to obtain information from physical and financial markets. Thus, the investment in...