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The structure of wages in Chile 1960 - 1996: an application of quantile regression

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  • Claudio Montenegro

Abstract

This paper applies newly developed techniques in the estimation of earnings functions to compute private rates of return for education in Chile. Although studies concerning the rate of return for education in Chile are available, the quantile regression method used here permits a conditional breakdown of the wage structure that is of crucial importance in an economy which has experienced important changes in political regimes that have had different impacts on different groups of the population. The results show that: (i) mean and median wage estimation equations are stable; (ii) the differences in the rates of return to education by quantiles are systematic; (iii) wage inequality is more volatile than what we usually believe; and (iv) the labor market is more heterogeneous than originally thought.

Suggested Citation

  • Claudio Montenegro, 1998. "The structure of wages in Chile 1960 - 1996: an application of quantile regression," Estudios de Economia, University of Chile, Department of Economics, vol. 25(1 Year 19), pages 71-98, June.
    • Handle: RePEc:udc:esteco:v:25:y:1998:i:1:p:71-98
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    Citations

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    Cited by:

    1. Claudio Montenegro & Carmen Pagés-Serra, 2003. "¿Quién se beneficia con la normativa de los mercados laborales?: Chile, 1960-1998," Research Department Publications 4346, Inter-American Development Bank, Research Department.
    2. Claudio Montenegro & Carmen Pagés, 2005. "Who Benefits from Labor Market Regulations? Chile 1960-1998," Central Banking, Analysis, and Economic Policies Book Series, in: Jorge Restrepo & Andrea Tokman R. & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Edi (ed.),Labor Markets and Institutions, edition 1, volume 8, chapter 4, pages 077-114, Central Bank of Chile.
    3. Pritchett, Lant, 1996. "Where has all the education gone?," Policy Research Working Paper Series 1581, The World Bank.
    4. Smith, Patricia K. & Bogin, Barry & Varela-Silva, Maria Ines & Loucky, James, 2003. "Economic and anthropological assessments of the health of children in Maya immigrant families in the US," Economics & Human Biology, Elsevier, vol. 1(2), pages 145-160, June.

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    Keywords

    Structure; wages.;

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