 Median Labor Income in Chile Revised: Insights from Distributional National AccountsJose De Gregorio and Manuel Taboada Working Papers from University of Chile, Department of Economics Abstract: This study uses national accounts, household surveys, and administrative records to provide consistent distributional series, emphasizing labor income between 2006 and 2017. Our new methodology is able to correct the known limitations of different data sources and combine them coherently for the first time using Chilean data. In contrast to estimations in advanced economies we propose methods to estimate data that are not available, which could be use to estimate distributional series in other developing countries with limited official statistics. The validity of the imputations is verified by contrasting the results with various external references. On average, the underestima- tion of gross wages in the Chilean national household survey as compared to national accounts is 40%, significantly larger than other countries. About a quarter of this gap is attributed to the “missing rich†in the survey. For 2017, this equates to an esti- mated median gross income for dependent labor of CLP 600,000 and CLP 570,000 for all workers. The corrected mean-median income ratio (Gini) is 26% (17%) larger than in the raw survey of 2017, and falls only 6% (3%) between 2006 and 2017 compared with a larger decline of 12% (11%) in the original data. Pages: 48 pages Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:udc:wpaper:wp532 Access Statistics for this paper More papers in Working Papers from University of Chile, Department of Economics Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.