The labour market in Chile, 2000-2025

Guillermo Montt
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Guillermo Montt: International Labour Organization (ILO), Switzerland

World of Labour, 2026, No 525, 525

Abstract: In the past 25 years, the Chilean labour market has observed a modernisation in terms of its transition to a service economy, but also in terms of its institutional robustness. It has seen a consistent growth in the labour force, driven by women’s entrance in the labour market, and a sustained increase in earnings from salaried work. However, it faces obstacles to drive growth through labour productivity and to ensure that growth translates to better socioeconomic outcomes for workers as a large low-productivity segment persists, also driving informality. These obstacles include lengthy permits, human capital deficits, low R&D investment, as well as slow technological adoption. Solving these issues requires coherent policy making beyond employment and labour policy.

Keywords: wages; unemployment; informality; Chile; labour market institutions (search for similar items in EconPapers)
JEL-codes: J21 J31 J38 O54 (search for similar items in EconPapers)
Date: 2026
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