Estudios de Economía  

Arvil Van Adams, Ricardo Paredes, Luis Riveros

Ariel Fiszbein

The paper proposes the principles which should guide the design of a compensation package for redundant workers following a program of voluntary retrenchment. It is argued that the compensation should be equal to the opportunity cost of leaving the enterp... see more

Steven Allen, Adriana Cassoni, Gastón Labadie

This 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... see more

Ray Marshall, Arvil Van Adams

Measures assuring job security are sought by workers and their representatives to protect themselves against economic fluctuations and the loss of jobs and incomes. In sectors of an economy that require a skilled workforce employers are often willing to p... see more

Guillermo Málaga

The issue of wage indexation in the economic literature is well understood from the point of view of its macroeconomic consequences. Nevertheless, its effects as a regulatory intervention on the labor market have been relatively less studieds. Since index... see more

Ramón López

It is shown that long-held views on the links between minimum wages and human capital arising from on-the-job training are not in general valid in a general equilibrium context. Of the three propositions obtained from partial equilibrium models, namely th... see more

Ricardo Paredes, Luis Riveros

Using a statistical technique to correct for the presence of the selectivity bias, this paper estimates gender wage gaps in Chile for the period 1958-1990. Gender wage gaps are decomposed into an “endowment” effect –associated with different stocks of hum... see more

Juan Rafael Vargas

Este documento informa de una investigación sobre los salarios mínimos en Costa Rica y su relación con el contexto macroeconómico global. Las principales variables que se incorporan en el análisis son el salario promedio (nominal y real), el nivel de prec... see more

Donald Robbins

It has traditionally been hypothesized that moving from Protectionist to liberalized trade in developing countries (LDCs) will decrease the relative wages of skilled versus unskilled labor (or “relative wages”). Trade liberalization causes “between-indust... see more

Armando Castelar, Lauro Ramos

This paper shows that there is a large inter-industry wage dispersion in the Brazilian labor market, that persists after controlling for differences in workers’ productive attributes and job characteristics. The wage structure is robust over time, with no... see more