Background: Chile is a paradoxical case in its economic performance in recent decades. Although this country has implemented significant pro-market modernization reforms, it has an unexpectedly low female participation rate, wasting a vital source of economic growth. Several studies indicate that the cause of this low female labor participation in Chile would be a low conciliation between labor and family life. This experience is an important lesson for other developing economies that want to implement similar reforms. Methodology: In this article, we estimate a general equilibrium model by using Bayesian econometrics to quantify the effects of work-family conciliation at the aggregated level, through the effect of childcare. Results: Taking the case of Chile, we estimate important gains in increasing conciliation levels due to an increase in productivity rather than an increase in the labor supply.
¿Cuál será el desenlace de la crisis fi nanciera internacional en la economía chilena? ¿Implementará la autoridad monetaria medidas no convencionales para enfrentar un escenario cada vez peor, tal como lo han hecho países desarrollados? ¿Serán medidas excesivamente expansivas, que generen un resurgimiento de la inflación y con ello una recesión posterior por aumento excesivo de las tasas de interés? Muchas dudas. Mucha incertidumbre. Continuar leyendo...
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