The rise and fall of income inequality in Chile

Autor:	Francisco Parro, Loreto Reyes
Jazyk:	angličtina
Rok vydání:	2017
Předmět:	Inequality Labor markets Skills Labor policy. Labor and the state HD7795-8027 Economics as a science HB71-74
Zdroj:	Latin American Economic Review, Vol 26, Iss 1, Pp 1-31 (2017)
Druh dokumentu:	article
ISSN:	2198-3526 2196-436X
DOI:	10.1007/s40503-017-0040-y
Popis:	Abstract This paper presents evidence on a rise and fall in income inequality in Chile during the past two decades. We show that income inequality rises from 1990 to 2000 and then falls from 2000 to 2011. We perform simple but informative decompositions to figure out the contributing factors behind that dissimilarity in the behavior of inequality across those two subperiods. Our results are consistent with a story in which economic growth increases the demand for more educated workers, initially increasing inequality. However, those higher returns to education encourage agents to invest in higher education, producing a subsequent human capital deepening that reduces inequality at later stages of the development process.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/d924f07f54fe48f087b9237ab012cc08 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF