The Chilean Labor Market: Job Creation, Quality, Inclusiveness, and Future Challenges

Francisco Parro and Loreto Reyes

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyzes recent labor market developments in the Chilean economy. The evidence shows a booming labor market with strong job creation since 2010. Most of the jobs created during the past three years are quality jobs—that is, jobs with a written contract and whose employers have made the corresponding payments toward pensions, healthcare, and unemployment insurance. We show that a combination of economic growth and specific policies seems to be the driving force behind the strong creation of quality jobs. Additionally, we show that the rapid job creation has been inclusive and constitutes one of the potential explanations for the fall in income inequality observed during the past three years. However, a further reduction in income inequality remains an important challenge for the future. Greater access to a quality education for vulnerable groups is the key to achieving that goal.

Keywords: Labor Markets; Inequality; Skills (search for similar items in EconPapers)
JEL-codes: J21 J24 J31 (search for similar items in EconPapers)
Date: 2013-05
New Economics Papers: this item is included in nep-lam and nep-ltv
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:50755

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