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Estabilidad de la demanda de trabajo y efecto del salario minimo sobre el Empleo: El caso Chileno

Labor demand stability and the minimum wage effect on employment: The Chilean evidence

Jorge Miranda Pinto
Authors registered in the RePEc Author Service: Jorge Miranda-Pinto

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper I find evidence of a structural change in the labor demand in Chile in 2001. The break is mainly characterized by an increase in the employment-GDP elasticity. Additionally, separating labor demand by sectors, I find evidence of a stronger negative impact of the minimum wages on employment in the tradable sector in the late nineties. A minimum wage increase of 10 % above the average wage of the economy destroys 3.6 % of jobs in the tradable sector. These results highlight the importance of the economic growth on employment generation as well as the cost of not considering the business cycle situation when the minimum wage changes are discussed.

Keywords: labor demand; structural change; GDP-employment elasticity; minimum wage. (search for similar items in EconPapers)
JEL-codes: C22 J23 (search for similar items in EconPapers)
Date: 2013-04-30, Revised 2014-11-30
New Economics Papers: this item is included in nep-lam
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