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.
Chile es un caso paradójico en su cometido económico en las últimas décadas, si bien ha sido un país que implementó importantes reformas modernizadoras en los últimos cuarenta años, su desempeño en el mercado laboral es dispar. En efecto, se han obtenido importantes logros en términos de crecimiento, apertura comercial, modernización de la banca privada y del Estado, reducción de la pobreza, reformas en los sectores sociales, control de la inflación, etc. Continuar leyendo...
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