Dinámicas del Mercado Laboral Formal en Chile: Evidencia desde los Microdatos

Roberto Gillmore, Gustavo González and Nicolás Rivera

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: Access to administrative records has gained relevance in monitoring key economic indicators, offering a more precise and systematic alternative to surveys. This study analyzes the formal labor market in Chile between 2015 and 2023 using data from the Unemployment Insurance, the Pension System, and the Labor Directorate. It examines the creation, destruction, change, and maintenance of employment, with a focus on the impact of the COVID-19 pandemic. The results show significant effects in sectors such as commerce and construction during the crisis, followed by a recovery in 2021. Differences in labor flows are observed according to gender, education, age, type of contract, and economic sector, with higher turnover among young women with lower educational levels. Additionally, fluctuations in real wages are identified, with a decline during the pandemic and a recovery from the end of 2022. While these data offer valuable insights, their limitation in capturing informal or self-employment should be considered when interpreting the state of the labor market.

Date: 2025-03
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