Aumento del Salario Mínimo y sus Efectos sobre el Mercado Laboral
AbstractThis paper presents some stylized facts about the minimum wage and the labor market in Chile, using primarily Casen survey data and the Supplementary Income Survey (ESI). About 4% of workers (employees) are allocated to the minimum wage in Chile (Casen 2011). Whereas a static analysis, a minimum wage increase to $193,000 coverage imply that workers subject to minimum wage would increase marginally. In terms of economic sectors, agriculture, community and social services, and retail, covers 71% of the workers concerned by the minimum wage. When considering intra-sector statistics, the sectors with the highest fraction of workers covered by the minimum wage are agriculture (10.4%) and retail (4.9%).
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Bibliographic InfoPaper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 690.
Date of creation: Jun 2013
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