Political‐Economic Regime and the Wage Curve: Evidence from Chile, 1957–96
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Organización Internacional del Trabajo (OIT)
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| Format: | Artículo científico |
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International Labour Organization
2004
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| _version_ | 1874525222578683914 |
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| author | Janine Berg Dante Contreras |
| author_facet | Janine Berg Dante Contreras Janine Berg Dante Contreras |
| contents | Political‐Economic Regime and the Wage Curve: Evidence from Chile, 1957–96 Janine Berg Dante Contreras This paper tests whether a wage curve—a negative relationship between the level of unemployment and the level of pay—existed in Chile during 1957–96. The analysis is divided into two periods. For 1957–73, during inward‐led development, we reject the existence of a wage curve. For 1974–96, when the economy opened, state‐run industries were privatised and labour rights weakened, we find a wage curve of −0.08. Based on this finding we conclude that the unemployment–pay elasticity in the post‐reform period is similar to the −0.07 to −0.10 wage curve found in other western, capitalist countries. Disaggregating the analysis by group, we find that women, non‐university educated workers and public sector workers have suffered more from unemployment. Yet informal sector workers have not experienced pay drops as a result of unemployment, contradicting the hypothesis that the informal sector acts as a buffer during economic downturns. 10.1080/0269217042000186651 DOI https://doi.org/10.1080/0269217042000186651 publication.journalArticle |
| format | Artículo científico |
| id | ilo_995269243302676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2004 |
| publisher | International Labour Organization |
| spellingShingle | Political‐Economic Regime and the Wage Curve: Evidence from Chile, 1957–96 Janine Berg Dante Contreras Political‐Economic Regime and the Wage Curve: Evidence from Chile, 1957–96 Janine Berg Dante Contreras This paper tests whether a wage curve—a negative relationship between the level of unemployment and the level of pay—existed in Chile during 1957–96. The analysis is divided into two periods. For 1957–73, during inward‐led development, we reject the existence of a wage curve. For 1974–96, when the economy opened, state‐run industries were privatised and labour rights weakened, we find a wage curve of −0.08. Based on this finding we conclude that the unemployment–pay elasticity in the post‐reform period is similar to the −0.07 to −0.10 wage curve found in other western, capitalist countries. Disaggregating the analysis by group, we find that women, non‐university educated workers and public sector workers have suffered more from unemployment. Yet informal sector workers have not experienced pay drops as a result of unemployment, contradicting the hypothesis that the informal sector acts as a buffer during economic downturns. 10.1080/0269217042000186651 DOI https://doi.org/10.1080/0269217042000186651 publication.journalArticle |
| title | Political‐Economic Regime and the Wage Curve: Evidence from Chile, 1957–96 |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/PoliticalEconomic-Regime-and-the-Wage-Curve/995269243302676 |