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Labor market flexibility and unemployment in Chile and Uruguay

Labor market flexibility and unemployment in Chile and Uruguay

dc.creatorAllen, Steven
dc.creatorCassoni, Adriana
dc.creatorLabadie, Gastón
dc.date2016-05-09
dc.date.accessioned2019-04-02T13:59:21Z
dc.date.available2019-04-02T13:59:21Z
dc.identifierhttps://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40935
dc.identifier.urihttp://revistaschilenas.uchile.cl/handle/2250/2977
dc.descriptionThis study compares evidence on wage rigidity in Chile and Uruguay to determine whether differences in labor market flexibility could have had an impact on the very different patterns of unemployment observed in the two countries. Phillips curve estimates show that wages in Uruguay were highly flexible at the aggregate level during the period when the military government was in power, but became more rigid with the return of democracy and collective bargaining. Rising minimum wages and indexation arrangements are plausible explanations of some of the high unemployment in Chile in the late 1970s and early 1980s. At the micro level, we find much more relative wage adjustment across industries in Chile than Uruguay and that labor in Chile is drawn toward sectors with rising relative wages.en-US
dc.formattext/html
dc.languageeng
dc.publisherDepartamento de Economía - Facultad de Economía y Negocios, Universidad de Chile.en-US
dc.relationhttps://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40935/43778
dc.sourceEstudios de Economía; Vol 21 No 3 (1994): November; pp. 127-146en-US
dc.sourceEstudios de Economía; Vol 21 No 3 (1994): November; pp. 127-146es-ES
dc.source0718-5286
dc.source0304-2758
dc.titleLabor market flexibility and unemployment in Chile and Uruguayen-US
dc.titleLabor market flexibility and unemployment in Chile and Uruguayes-ES
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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